In brief

The government wants to forgive Simples debts of events, bars and restaurants.

The bill has not been sent.

What we know

04
  1. Verified fact · material

    The government proposed, on October 23, 2026, forgiving federal debts of Simples Nacional companies in the events, bars and restaurants sectors.

    Proposal.

    Sources[01][02]
  2. Verified fact · material

    The measure will come through a bill not yet sent to Congress, expected in 2026.

    Process.

    Sources[01][02]
  3. Verified fact

    According to Gazeta do Povo, the forgiveness would total about R$ 15 billion and reach about 400,000 companies.

    Size.

    Sources[02]
  4. Verified fact

    According to Correio Braziliense, the proposal includes a credit line at below-market rates.

    Credit.

    Sources[01]

Transmission to assets

Market read-through

The proposal still depends on Congress and has no official cost disclosed.

Portfolio impact

01
Juros futurosnegative

Revenue waiver weighs on fiscal.

Small in total.

What would change the view: Congress approval.

rates10% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

Next signals

What to watch

  • Bill sent to Congress
  • Official cost estimate

Limits of the reporting

What remains uncertain

  • Sources differ on who announced the proposal, and the total appears in only one of them.

Full sources

02