Real Estate Bills of Credit (LCI) and Agribusiness Bills of Credit (LCA) are fixed-income securities issued by banks to finance the real estate or agricultural sector, known for their Income tax exemption for individuals.
The proposal via Provisional Measure establishes 5% income tax of LCI and LCA from January 1st, 2026by ending the current exemption.
Bonds issued until 2025 can still remain exempt until maturity - this depends on future regulations.
The rate of 5% is still far inferior to 17.5% applied to CDB and Treasury DirectLCI and LCA are advantageous for those looking for conservative fixed income.
Even with the tax, these options remain attractive due to the higher net return compared to savings or traditional fixed income.
Entrepreneurs and investors should re-evaluate their strategies - it is possible to anticipate investments that are still exempt or diversify according to the new tax scenario.