Bill No. 1850/2025 which “Amends Article 35 of Federal Law No. 9,250, of December 26, 1995, to provide for the deduction from the personal income tax calculation basis resulting from the inclusion of dogs and cats as dependents for deduction purposes, and provides other measures”

"The Bill No. 1850/2025 which "Amends Article 35 of Federal Law No. 9,250, of December 26, 1995, to provide for the deduction from the personal income tax calculation basis resulting from the inclusion of dogs and cats as dependents for deduction purposes, and provides other measures"" has been "undefined" by the "Chamber of Deputies" on "24/04/2025". This bill aims to allow individuals to deduct expenses related to pets as dependents for income tax purposes. This change would likely impact personal finance planning, potentially reducing taxable income for pet owners, and may require taxpayers to maintain records of pet-related expenses for tax compliance."