Exemption from income tax on PLR starts to benefit the ABC Metalworkers. “This virtuous cycle needs to be maintained,” said the director of the Union Moisés Selerges. Photo: Rossana Lana In 2012, only on the first payroll instalment the tax base work …
Exemption from income tax on PLR starts to benefit the ABC Metalworkers.
In 2012, only on the first payroll instalment the tax base workers paid was R$ 26.8 million.
This year, with the new income tax code won by the Union, this value fell to R$ 600,000.
This means that, up until now, R$ 26.2 million that would be paid by workers of income tax on the first portion of the profits and results participation, remains in comrades’ pockets.
To reach this conclusion, Subsection Dieese the Union did a survey where they corrected by the inflation index PLRs (private letter ruling) paid in the first half of last year for the entire category of workers.
“The union will always fight to extend workers’ earnings,” said the organization’s director Moisés Selerges. “When we do this, we also ensure that the market is dynamic,” he explained.
For the union leader, this extra gain reflects positively on the economy of the country, especially on the ABC, generating more production and employment.
“If the employee has more money, it consumes more and more it consumes, the industry produces more and more vacancies will open,” said the director.
“This virtuous cycle needs to be maintained and we, the ABC Metalworkers are doing our part,” concluded Moisés.
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