In brief

The Senate approved a R$ 140,000 MEI cap and debt forgiveness.

The bill goes to signature.

What we know

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  1. Verified fact · material

    The Senate approved on October 15, 2026, by 78 votes to 0, the bill raising the MEI annual revenue cap from R$ 81,000 to R$ 110,000 in 2027 and R$ 140,000 in 2028.

    Wider regime.

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

    The bill forgives MEI debts owed to the federal government incurred through October 13, 2026, about R$ 12.6 billion in outstanding tax debt, for about 3.6 million potential beneficiaries.

    Broad forgiveness.

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

    The bill goes to presidential signature.

    Final step.

    Sources[01][02]
  4. Verified fact

    According to Agência Senado, MEIs may have up to two employees.

    Additional change.

    Sources[01]
  5. Verified fact

    The House had approved the text on October 14, according to Gazeta do Povo.

    Previous step.

    Sources[03]

Transmission to assets

Market read-through

The quick approval ahead of the runoff turns the government proposal into law and widens the revenue waiver.

Portfolio impact

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Juros futurosnegative

Revenue waiver weighs on fiscal outlook.

Small relative to the budget.

What would change the view: Signature without vetoes.

rates20% confidence

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

Next signals

What to watch

  • Presidential signature
  • Estimated revenue impact

Limits of the reporting

What remains uncertain

  • The fiscal effect depends on MEIs meeting the forgiveness conditions.

Full sources

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