The Provisional Measure (MP) 1.303/25, which dealt with the taxation of financial applications and virtual assets, lost its validity today, October 8, 2025, after the Chamber of Deputies removed it from the voting agenda. The MP had been approved in a mixed committee the day before, but the government suffered a defeat and could not secure a vote in plenary.

Understand what happened:

The MP 1.303/25 was issued by the government as an alternative to compensate for the loss of revenue after the abandonment of a proposed increase in the Tax on Financial Transactions (IOF).

The proposal aimed to increase tax revenue from the financial market, including investments and cryptocurrencies.

Despite being approved in the mixed committee, the MP faced strong resistance from the opposition and part of the government base in the Chamber.

With the defeat, the Chamber removed the measure from the agenda, causing it to expire and lose its validity before reaching the Senate for a vote.

The loss of validity of the MP is considered a political defeat for the government and has a negative impact on public accounts for 2026.