Overview
- The fiscal chapter sent from the Chamber of Deputies to the Senate proposes repealing internal levies on cellular and satellite plans, certain mid‑ and high‑range automobiles, insurance, luxury items such as jewelry and watches, and recreational vessels and aircraft.
- If passed, the repeal would take effect on the first day of the month after publication in the Official Gazette, which could be March if published by Feb. 27–28 or April if published later.
- Early estimates suggest list prices could fall roughly 10–15% for affected cars, about 5% for mobile plans, and up to around 25% for boats and aircraft, though pass‑through to consumers is not guaranteed.
- Some market actors have moved in anticipation: Mercedes‑Benz’s local representative Prestige Auto has been refunding the internal tax on eligible models and recently added a 10% discount.
- Beyond consumption taxes, the package includes measures to encourage investment and savings such as inflation adjustment for tax losses, income tax exemptions on bank deposit interest starting in 2026, IVA credit refunds tied to productive investments, and the removal of the cedular tax on certain home sales.