On 8 October 2025, Brazil's Chamber of Deputies (lower house of the National Congress) failed to approve Provisional Measure (PM) No. 1.303 of 11 June 2025, concerning the taxation of financial investments and virtual assets and certain other provisions. As previously reported, PM No. 1.303 had provided for, among other things, an increase in the withholding tax on interest on net equity (juros sobre o capital próprio - JCP), an increase in the social contribution on net profit (CSLL) rate …