{"id":1549,"date":"2025-10-09T17:02:25","date_gmt":"2025-10-09T20:02:25","guid":{"rendered":"https:\/\/holfik.com\/governo-discutira-nova-tributacao-de-fintechs\/"},"modified":"2025-10-09T17:02:25","modified_gmt":"2025-10-09T20:02:25","slug":"governo-discutira-nova-tributacao-de-fintechs","status":"publish","type":"post","link":"https:\/\/holfik.com\/bg\/governo-discutira-nova-tributacao-de-fintechs\/","title":{"rendered":"\u041f\u0440\u0430\u0432\u0438\u0442\u0435\u043b\u0441\u0442\u0432\u043e\u0442\u043e \u0449\u0435 \u043e\u0431\u0441\u044a\u0434\u0438 \u043d\u043e\u0432\u043e \u0434\u0430\u043d\u044a\u0447\u043d\u043e \u043e\u0431\u043b\u0430\u0433\u0430\u043d\u0435 \u043d\u0430 \u0444\u0438\u043d\u0442\u0435\u0445 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438\u0442\u0435"},"content":{"rendered":"

\u0414\u0430\u043d\u044a\u0447\u043d\u043e \u043e\u0431\u043b\u0430\u0433\u0430\u043d\u0435 \u043d\u0430 \u0444\u0438\u043d\u0442\u0435\u0445<\/strong> \u0435 \u0442\u0435\u043c\u0430, \u043a\u043e\u044f\u0442\u043e \u043f\u0440\u0438\u0434\u043e\u0431\u0438\u0432\u0430 \u0432\u0441\u0435 \u043f\u043e-\u0433\u043e\u043b\u044f\u043c\u0430 \u0430\u043a\u0442\u0443\u0430\u043b\u043d\u043e\u0441\u0442 \u0432 \u0431\u0440\u0430\u0437\u0438\u043b\u0441\u043a\u0430\u0442\u0430 \u0438\u043a\u043e\u043d\u043e\u043c\u0438\u0447\u0435\u0441\u043a\u0430 \u0441\u0438\u0442\u0443\u0430\u0446\u0438\u044f, \u043e\u0441\u043e\u0431\u0435\u043d\u043e \u0441\u043b\u0435\u0434 \u043e\u0442\u0445\u0432\u044a\u0440\u043b\u044f\u043d\u0435\u0442\u043e \u043d\u0430 \u0412\u0440\u0435\u043c\u0435\u043d\u043d\u0430 \u043c\u044f\u0440\u043a\u0430 1303. \u041f\u0440\u0430\u0432\u0438\u0442\u0435\u043b\u0441\u0442\u0432\u043e\u0442\u043e \u0441\u0435 \u0438\u0437\u043f\u0440\u0430\u0432\u044f \u043f\u0440\u0435\u0434 \u0441\u043f\u0435\u0448\u043d\u0430\u0442\u0430 \u043d\u0435\u043e\u0431\u0445\u043e\u0434\u0438\u043c\u043e\u0441\u0442 \u043e\u0442 \u0443\u0432\u0435\u043b\u0438\u0447\u0430\u0432\u0430\u043d\u0435 \u043d\u0430 \u043f\u0440\u0438\u0445\u043e\u0434\u0438\u0442\u0435 \u0432 \u043a\u043e\u043d\u0442\u0435\u043a\u0441\u0442\u0430 \u043d\u0430 \u0431\u044e\u0434\u0436\u0435\u0442\u0435\u043d \u0434\u0435\u0444\u0438\u0446\u0438\u0442 \u043e\u0442 1 400 000 \u0431\u0440\u0430\u0437\u0438\u043b\u0441\u043a\u0438 \u0440\u0435\u0430\u043b\u0430 (21 \u043c\u0438\u043b\u0438\u0430\u0440\u0434\u0430 \u0431\u0440\u0430\u0437\u0438\u043b\u0441\u043a\u0438 \u0440\u0435\u0430\u043b\u0430).<\/p>\n

\u0412 \u0442\u0430\u0437\u0438 \u0441\u0442\u0430\u0442\u0438\u044f \u0449\u0435 \u0440\u0430\u0437\u0433\u043b\u0435\u0434\u0430\u043c\u0435 \u043d\u043e\u0432\u0438\u0442\u0435 \u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0435\u043d\u0438\u044f, \u043e\u0431\u0441\u044a\u0434\u0435\u043d\u0438 \u043e\u0442 \u0438\u043a\u043e\u043d\u043e\u043c\u0438\u0447\u0435\u0441\u043a\u0438\u044f \u0435\u043a\u0438\u043f, \u0432\u043a\u043b\u044e\u0447\u0438\u0442\u0435\u043b\u043d\u043e \u0443\u0432\u0435\u043b\u0438\u0447\u0435\u043d\u0438\u0435\u0442\u043e \u043d\u0430 \u043e\u0441\u0438\u0433\u0443\u0440\u0438\u0442\u0435\u043b\u043d\u0438\u044f \u0434\u0430\u043d\u044a\u043a \u0432\u044a\u0440\u0445\u0443 \u043d\u0435\u0442\u043d\u0438\u044f \u0434\u043e\u0445\u043e\u0434 (CSLL) \u0438 \u0441\u0442\u0430\u043d\u0434\u0430\u0440\u0442\u0438\u0437\u0430\u0446\u0438\u044f\u0442\u0430 \u043d\u0430 \u0434\u0430\u043d\u044a\u043a\u0430 \u0432\u044a\u0440\u0445\u0443 \u0434\u043e\u0445\u043e\u0434\u0438\u0442\u0435 \u043e\u0442 \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u0438 \u0438\u043d\u0432\u0435\u0441\u0442\u0438\u0446\u0438\u0438.<\/p>\n

\u0429\u0435 \u0430\u043d\u0430\u043b\u0438\u0437\u0438\u0440\u0430\u043c\u0435 \u0432\u044a\u0437\u0434\u0435\u0439\u0441\u0442\u0432\u0438\u0435\u0442\u043e \u043d\u0430 \u0442\u0435\u0437\u0438 \u043c\u0435\u0440\u043a\u0438, \u043f\u0440\u0435\u0434\u0438\u0437\u0432\u0438\u043a\u0430\u0442\u0435\u043b\u0441\u0442\u0432\u0430\u0442\u0430, \u043a\u043e\u0438\u0442\u043e \u0442\u0435 \u043f\u0440\u0435\u0434\u0441\u0442\u0430\u0432\u043b\u044f\u0432\u0430\u0442, \u0438 \u0432\u044a\u0437\u043c\u043e\u0436\u043d\u0438\u0442\u0435 \u0430\u043b\u0442\u0435\u0440\u043d\u0430\u0442\u0438\u0432\u0438 \u0437\u0430 \u0438\u0437\u0431\u044f\u0433\u0432\u0430\u043d\u0435 \u043d\u0430 \u0434\u0440\u0430\u0441\u0442\u0438\u0447\u043d\u0438 \u043d\u0430\u043c\u0430\u043b\u0435\u043d\u0438\u044f \u0438\u043b\u0438 \u0443\u0432\u0435\u043b\u0438\u0447\u0435\u043d\u0438\u044f \u043d\u0430 \u0434\u0430\u043d\u044a\u0446\u0438\u0442\u0435 \u0432\u044a\u0440\u0445\u0443 \u043f\u043e\u0442\u0440\u0435\u0431\u043b\u0435\u043d\u0438\u0435\u0442\u043e, \u0442\u044a\u0440\u0441\u0435\u0439\u043a\u0438 \u0431\u0430\u043b\u0430\u043d\u0441 \u043c\u0435\u0436\u0434\u0443 \u043f\u043e\u043b\u0438\u0442\u0438\u0447\u0435\u0441\u043a\u0438\u0442\u0435 \u0438\u0441\u043a\u0430\u043d\u0438\u044f \u0438 \u0431\u044e\u0434\u0436\u0435\u0442\u043d\u0438\u0442\u0435 \u043d\u0443\u0436\u0434\u0438.<\/p>\n

\u041a\u043e\u043d\u0442\u0435\u043a\u0441\u0442 \u043d\u0430 \u043e\u0442\u0445\u0432\u044a\u0440\u043b\u044f\u043d\u0435\u0442\u043e \u043d\u0430 \u0432\u0440\u0435\u043c\u0435\u043d\u043d\u0430\u0442\u0430 \u043c\u044f\u0440\u043a\u0430 1303<\/h2>\n

\u041d\u0410 \u043e\u0442\u0445\u0432\u044a\u0440\u043b\u044f\u043d\u0435<\/strong> \u043e\u0442 \u041c\u041f 1.303<\/strong> \u043f\u0440\u0435\u0434\u0441\u0442\u0430\u0432\u043b\u044f\u0432\u0430\u0448\u0435 \u0437\u043d\u0430\u0447\u0438\u0442\u0435\u043b\u043d\u0430 \u043f\u0440\u0435\u0447\u043a\u0430 \u0437\u0430 \u043f\u0440\u0430\u0432\u0438\u0442\u0435\u043b\u0441\u0442\u0432\u043e\u0442\u043e, \u043a\u043e\u0435\u0442\u043e \u0442\u044a\u0440\u0441\u0435\u0448\u0435 \u043d\u0430\u0447\u0438\u043d \u0434\u0430 \u0431\u0430\u043b\u0430\u043d\u0441\u0438\u0440\u0430 \u0441\u043c\u0435\u0442\u043a\u0438\u0442\u0435 \u0441\u0438 \u0447\u0440\u0435\u0437 \u0434\u0430\u043d\u044a\u0447\u043d\u0430 \u043a\u043e\u0440\u0435\u043a\u0446\u0438\u044f, \u0444\u043e\u043a\u0443\u0441\u0438\u0440\u0430\u043d\u0430 \u0432\u044a\u0440\u0445\u0443 \u0434\u0438\u0433\u0438\u0442\u0430\u043b\u043d\u0430 \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u0430 \u0441\u0438\u0441\u0442\u0435\u043c\u0430<\/strong> \u0438 \u0444\u0438\u043d\u0442\u0435\u0445 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438.<\/p>\n

\u0414\u043e\u043a\u0443\u043c\u0435\u043d\u0442\u044a\u0442 \u043f\u0440\u0435\u0434\u0432\u0438\u0436\u0434\u0430, \u043d\u0430\u0440\u0435\u0434 \u0441 \u0434\u0440\u0443\u0433\u0438 \u043c\u0435\u0440\u043a\u0438, \u0443\u0432\u0435\u043b\u0438\u0447\u0435\u043d\u0438\u0435 \u043d\u0430 \u0441\u0442\u0430\u0432\u043a\u0430\u0442\u0430 CSLL \u043e\u0442 9% \u043d\u0430 15% \u0438 \u0443\u043d\u0438\u0444\u0438\u0446\u0438\u0440\u0430\u043d\u0435 \u043d\u0430 \u0434\u0430\u043d\u044a\u043a\u0430 \u0432\u044a\u0440\u0445\u0443 \u0434\u043e\u0445\u043e\u0434\u0430 \u0432\u044a\u0440\u0445\u0443 \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u0438\u0442\u0435 \u0438\u043d\u0432\u0435\u0441\u0442\u0438\u0446\u0438\u0438 [\u0418\u0437\u0442\u043e\u0447\u043d\u0438\u043a](https:\/\/g1.globo.com\/economia\/noticia\/2025\/10\/09\/entenda-o-que-acontece-com-a-derrubada-da-mp-que-aumentava-impostos-pelo-congresso-nacional.ghtml).<\/p>\n

\u041f\u0435\u0440\u0441\u043f\u0435\u043a\u0442\u0438\u0432\u0430\u0442\u0430 \u0437\u0430 \u043d\u0430\u0431\u0438\u0440\u0430\u043d\u0435 \u043d\u0430 \u0434\u043e 46 \u043c\u0438\u043b\u0438\u0430\u0440\u0434\u0430 \u0431\u0440\u0430\u0437\u0438\u043b\u0441\u043a\u0438 \u0440\u0435\u0430\u043b\u0430 \u043f\u0440\u0435\u0437 \u0441\u043b\u0435\u0434\u0432\u0430\u0449\u0438\u0442\u0435 \u0434\u0432\u0435 \u0433\u043e\u0434\u0438\u043d\u0438 [\u0418\u0437\u0442\u043e\u0447\u043d\u0438\u043a](https:\/\/www.infomoney.com.br\/minhas-financas\/mp-1-303-cai-no-congresso-veja-como-fica-a-tributacao-dos-investimentos-agora\/) \u0431\u0435\u0448\u0435 \u0432\u043d\u0435\u0437\u0430\u043f\u043d\u043e \u043e\u0441\u0443\u0435\u0442\u0435\u043d\u0430, \u043a\u043e\u0435\u0442\u043e \u0434\u043e\u0432\u0435\u0434\u0435 \u0434\u043e \u0431\u044e\u0434\u0436\u0435\u0442\u0435\u043d \u0434\u0435\u0444\u0438\u0446\u0438\u0442, \u043a\u043e\u0439\u0442\u043e \u043e\u043a\u0430\u0437\u0432\u0430 \u043d\u0430\u0442\u0438\u0441\u043a \u0432\u044a\u0440\u0445\u0443 \u0438\u043a\u043e\u043d\u043e\u043c\u0438\u0447\u0435\u0441\u043a\u0438\u044f \u0435\u043a\u0438\u043f \u0434\u0430 \u043f\u0440\u043e\u0443\u0447\u0438 \u0434\u0440\u0443\u0433\u0438 \u0444\u0440\u043e\u043d\u0442\u043e\u0432\u0435.<\/p>\n

\u0422\u043e\u0432\u0430 \u043e\u0442\u0445\u0432\u044a\u0440\u043b\u044f\u043d\u0435<\/strong> \u0422\u043e\u0439 \u0441\u044a\u0449\u043e \u0442\u0430\u043a\u0430 \u0438\u0437\u0431\u044f\u0433\u0432\u0430 \u043f\u043e-\u0442\u0435\u0436\u043a\u0438 \u0434\u0430\u043d\u044a\u0447\u043d\u0438 \u0442\u0435\u0436\u0435\u0441\u0442\u0438 \u0432\u044a\u0440\u0445\u0443 \u0444\u0438\u043d\u0442\u0435\u0445 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438\u0442\u0435, \u043a\u0430\u0442\u043e \u0437\u0430\u043f\u0430\u0437\u0432\u0430 \u0432\u0441\u0435 \u043e\u0449\u0435 \u043a\u043e\u043d\u043a\u0443\u0440\u0435\u043d\u0442\u043d\u0430 \u0441\u0440\u0435\u0434\u0430 \u0437\u0430 \u0442\u0435\u0437\u0438 \u043d\u043e\u0432\u043e\u0432\u044a\u0437\u043d\u0438\u043a\u0432\u0430\u0449\u0438 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438 [\u0418\u0437\u0442\u043e\u0447\u043d\u0438\u043a](https:\/\/g1.globo.com\/politica\/noticia\/2025\/10\/08\/derrubada-de-mp-evita-alta-nas-taxacoes-de-aplicacoes-financeiras-de-fintechs.ghtml).<\/p>\n

\u0420\u0435\u0448\u0435\u043d\u0438\u0435\u0442\u043e \u043e\u0431\u0430\u0447\u0435 \u043f\u0440\u0435\u0434\u0438\u0437\u0432\u0438\u043a\u0430 \u0438 \u0434\u0438\u0441\u043a\u0443\u0441\u0438\u044f \u043e\u0442\u043d\u043e\u0441\u043d\u043e \u043d\u0435\u043e\u0431\u0445\u043e\u0434\u0438\u043c\u043e\u0441\u0442\u0442\u0430 \u043e\u0442 \u043c\u043e\u0434\u0435\u0440\u043d\u0438\u0437\u0438\u0440\u0430\u043d\u0435 \u043d\u0430 \u0434\u0430\u043d\u044a\u0447\u043d\u0438\u044f \u0440\u0435\u0436\u0438\u043c, \u0437\u0430 \u0434\u0430 \u0441\u0435 \u0441\u043f\u0440\u0430\u0432\u0438 \u0441 \u043d\u043e\u0432\u0438\u0442\u0435 \u0438\u043a\u043e\u043d\u043e\u043c\u0438\u0447\u0435\u0441\u043a\u0438 \u0434\u0438\u043d\u0430\u043c\u0438\u043a\u0438, \u0432\u043a\u043b\u044e\u0447\u0438\u0442\u0435\u043b\u043d\u043e \u043d\u0430\u0440\u0430\u0441\u0442\u0432\u0430\u0449\u043e\u0442\u043e \u0437\u043d\u0430\u0447\u0435\u043d\u0438\u0435 \u043d\u0430 \u043a\u0440\u0438\u043f\u0442\u043e\u0432\u0430\u043b\u0443\u0442\u0438\u0442\u0435 [\u0418\u0437\u0442\u043e\u0447\u043d\u0438\u043a](https:\/\/br.cointelegraph.com\/news\/lula-promises-fintech-cryptocurrencies-taxes).<\/p>\n

\u0422\u043e\u0437\u0438 \u043f\u043e\u043b\u0438\u0442\u0438\u043a\u043e-\u0438\u043a\u043e\u043d\u043e\u043c\u0438\u0447\u0435\u0441\u043a\u0438 \u0441\u0446\u0435\u043d\u0430\u0440\u0438\u0439 \u043f\u0440\u0435\u0434\u0438\u0437\u0432\u0438\u043a\u0432\u0430 \u043f\u0440\u0430\u0432\u0438\u0442\u0435\u043b\u0441\u0442\u0432\u043e\u0442\u043e \u0434\u0430 \u0442\u044a\u0440\u0441\u0438 \u0431\u0430\u043b\u0430\u043d\u0441 \u043c\u0435\u0436\u0434\u0443 \u0442\u044a\u0440\u0441\u0435\u043d\u0435\u0442\u043e \u043d\u0430 \u043d\u043e\u0432\u0438 \u043f\u0440\u0438\u0445\u043e\u0434\u0438 \u0438 \u043d\u0430\u0441\u044a\u0440\u0447\u0430\u0432\u0430\u043d\u0435\u0442\u043e \u043d\u0430 \u0431\u0430\u043b\u0430\u043d\u0441\u0438\u0440\u0430\u043d\u0430, \u0438\u043d\u043e\u0432\u0430\u0442\u0438\u0432\u043d\u0430 \u0438 \u0441\u043f\u0440\u0430\u0432\u0435\u0434\u043b\u0438\u0432\u0430 \u0444\u0438\u0441\u043a\u0430\u043b\u043d\u0430 \u0441\u0440\u0435\u0434\u0430.<\/p>\n

\u0414\u0435\u0431\u0430\u0442 \u0437\u0430 \u043d\u043e\u0432\u043e\u0442\u043e \u0434\u0430\u043d\u044a\u0447\u043d\u043e \u043e\u0431\u043b\u0430\u0433\u0430\u043d\u0435 \u043d\u0430 \u0446\u0438\u0444\u0440\u043e\u0432\u0430\u0442\u0430 \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u0430 \u0441\u0438\u0441\u0442\u0435\u043c\u0430<\/h2>\n

\u0421 \u043d\u0435\u043e\u0442\u0434\u0430\u0432\u043d\u0430\u0448\u043d\u0438\u044f \u0434\u0435\u0431\u0430\u0442 \u0437\u0430 \u043d\u043e\u0432\u043e\u0442\u043e \u0434\u0430\u043d\u044a\u0447\u043d\u043e \u043e\u0431\u043b\u0430\u0433\u0430\u043d\u0435 \u043d\u0430 \u0446\u0438\u0444\u0440\u043e\u0432\u0430\u0442\u0430 \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u0430 \u0441\u0438\u0441\u0442\u0435\u043c\u0430, \u043f\u0440\u0430\u0432\u0438\u0442\u0435\u043b\u0441\u0442\u0432\u043e\u0442\u043e \u0441\u0435 \u0433\u043e\u0442\u0432\u0438 \u0434\u0430 \u043e\u0431\u0441\u044a\u0434\u0438 \u043c\u0435\u0440\u043a\u0438, \u043d\u0430\u0441\u043e\u0447\u0435\u043d\u0438 \u043a\u044a\u043c \u043a\u043e\u0440\u0438\u0433\u0438\u0440\u0430\u043d\u0435 \u043d\u0430 \u0441\u044a\u0431\u0438\u0440\u0430\u043d\u0435\u0442\u043e \u043d\u0430 \u043f\u0440\u0438\u0445\u043e\u0434\u0438 \u0432 \u0442\u043e\u0437\u0438 \u0440\u0430\u0437\u0440\u0430\u0441\u0442\u0432\u0430\u0449 \u0441\u0435 \u0438 \u0434\u0438\u043d\u0430\u043c\u0438\u0447\u0435\u043d \u0441\u0435\u043a\u0442\u043e\u0440.<\/p>\n

\u0421\u0440\u0435\u0434 \u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0435\u043d\u0438\u044f\u0442\u0430 \u0432 \u0434\u043d\u0435\u0432\u043d\u0438\u044f \u0440\u0435\u0434 \u0441\u0435 \u043e\u0442\u043a\u0440\u043e\u044f\u0432\u0430 \u0443\u0432\u0435\u043b\u0438\u0447\u0435\u043d\u0438\u0435\u0442\u043e \u043d\u0430 \u0434\u0430\u043d\u044a\u0447\u043d\u0438\u044f \u043e\u0431\u043b\u0430\u0433\u0430\u0435\u043c \u0434\u0430\u043d\u044a\u043a \u0432\u044a\u0440\u0445\u0443 \u043d\u0435\u0442\u043d\u0430\u0442\u0430 \u043f\u0435\u0447\u0430\u043b\u0431\u0430 (CSLL) \u043e\u0442 9% \u043d\u0430 15%, \u0432 \u0434\u043e\u043f\u044a\u043b\u043d\u0435\u043d\u0438\u0435 \u043a\u044a\u043c \u0441\u0442\u0430\u043d\u0434\u0430\u0440\u0442\u0438\u0437\u0430\u0446\u0438\u044f\u0442\u0430 \u043d\u0430 \u0434\u0430\u043d\u044a\u043a\u0430 \u0432\u044a\u0440\u0445\u0443 \u0434\u043e\u0445\u043e\u0434\u0438\u0442\u0435 \u043e\u0442 \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u0438 \u0438\u043d\u0432\u0435\u0441\u0442\u0438\u0446\u0438\u0438, \u0441 \u0446\u0435\u043b \u043f\u043e-\u0433\u043e\u043b\u044f\u043c\u0430 \u0441\u043f\u0440\u0430\u0432\u0435\u0434\u043b\u0438\u0432\u043e\u0441\u0442 \u043f\u0440\u0438 \u0434\u0430\u043d\u044a\u0447\u043d\u043e\u0442\u043e \u043e\u0431\u043b\u0430\u0433\u0430\u043d\u0435.<\/p>\n

\u0422\u0435\u0437\u0438 \u043f\u0440\u043e\u043c\u0435\u043d\u0438 \u0441\u0430 \u043d\u0435\u043e\u0431\u0445\u043e\u0434\u0438\u043c\u0438 \u0437\u0430 \u0441\u043f\u0440\u0430\u0432\u044f\u043d\u0435 \u0441 \u043f\u0440\u043e\u0433\u043d\u043e\u0437\u0438\u0440\u0430\u043d\u0438\u044f \u0431\u044e\u0434\u0436\u0435\u0442\u0435\u043d \u0434\u0435\u0444\u0438\u0446\u0438\u0442 \u043e\u0442 1,4 \u043c\u0438\u043b\u0438\u0430\u0440\u0434\u0430 \u0431\u0440\u0430\u0437\u0438\u043b\u0441\u043a\u0438 \u0434\u043e\u043b\u0430\u0440\u0430, \u043a\u0430\u0442\u043e \u0441\u044a\u0449\u0435\u0432\u0440\u0435\u043c\u0435\u043d\u043d\u043e \u0441\u0435 \u043f\u0440\u0430\u0432\u0438 \u043e\u043f\u0438\u0442 \u0437\u0430 \u0431\u0430\u043b\u0430\u043d\u0441\u0438\u0440\u0430\u043d\u0435 \u043d\u0430 \u0438\u043a\u043e\u043d\u043e\u043c\u0438\u0447\u0435\u0441\u043a\u0438\u0442\u0435 \u0438 \u0441\u043e\u0446\u0438\u0430\u043b\u043d\u0438\u0442\u0435 \u0438\u0437\u0438\u0441\u043a\u0432\u0430\u043d\u0438\u044f.<\/p>\n

\u041e\u0441\u043d\u043e\u0432\u043d\u0438 \u0437\u0430\u0441\u0435\u0433\u043d\u0430\u0442\u0438 \u043a\u0430\u0442\u0435\u0433\u043e\u0440\u0438\u0438<\/h2>\n

\u0424\u0438\u043d\u0442\u0435\u0445 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438<\/strong> \u0438 \u043f\u043b\u0430\u0442\u0435\u0436\u043d\u0438 \u0443\u0441\u043b\u0443\u0433\u0438<\/u> \u0441\u0435 \u0441\u0431\u043b\u044a\u0441\u043a\u0432\u0430\u0442 \u0441 \u043d\u0430\u0440\u0430\u0441\u0442\u0432\u0430\u0449\u0438 \u043f\u0440\u0435\u0434\u0438\u0437\u0432\u0438\u043a\u0430\u0442\u0435\u043b\u0441\u0442\u0432\u0430, \u0441\u0432\u044a\u0440\u0437\u0430\u043d\u0438 \u0441 \u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0435\u043d\u0438\u0442\u0435 \u043d\u043e\u0432\u0438 \u043f\u0440\u0430\u0432\u0438\u043b\u0430 \u0437\u0430 \u0434\u0430\u043d\u044a\u0447\u043d\u043e \u043e\u0431\u043b\u0430\u0433\u0430\u043d\u0435.<\/p>\n

\u0422\u0435\u0437\u0438 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438 \u0449\u0435 \u0431\u044a\u0434\u0430\u0442 \u043f\u0440\u0438\u043d\u0443\u0434\u0435\u043d\u0438 \u0434\u0430 \u043f\u0440\u0435\u0440\u0430\u0437\u0433\u043b\u0435\u0434\u0430\u0442 \u0441\u0442\u0440\u0430\u0442\u0435\u0433\u0438\u0438\u0442\u0435 \u0441\u0438 \u043f\u043e\u0440\u0430\u0434\u0438 \u0435\u0432\u0435\u043d\u0442\u0443\u0430\u043b\u043d\u043e\u0442\u043e \u0443\u0432\u0435\u043b\u0438\u0447\u0435\u043d\u0438\u0435 \u043d\u0430 \u0434\u0430\u043d\u044a\u043a\u0430 \u0432\u044a\u0440\u0445\u0443 \u0434\u043e\u0445\u043e\u0434\u0438\u0442\u0435 \u043e\u0442 \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u0438 \u0438\u043d\u0432\u0435\u0441\u0442\u0438\u0446\u0438\u0438 (CSLL) \u0438 \u0441\u0442\u0430\u043d\u0434\u0430\u0440\u0442\u0438\u0437\u0430\u0446\u0438\u044f\u0442\u0430 \u043d\u0430 \u0434\u0430\u043d\u044a\u043a\u0430 \u0432\u044a\u0440\u0445\u0443 \u0434\u043e\u0445\u043e\u0434\u0438\u0442\u0435 \u043e\u0442 \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u0438 \u0438\u043d\u0432\u0435\u0441\u0442\u0438\u0446\u0438\u0438.<\/p>\n

\u0421 \u043f\u043e\u0432\u0438\u0448\u0430\u0432\u0430\u043d\u0435\u0442\u043e \u043d\u0430 \u0434\u0430\u043d\u044a\u0447\u043d\u0438\u0442\u0435 \u0441\u0442\u0430\u0432\u043a\u0438 \u0449\u0435 \u0438\u043c\u0430 \u0437\u043d\u0430\u0447\u0438\u0442\u0435\u043b\u0435\u043d \u043d\u0430\u0442\u0438\u0441\u043a \u0432\u044a\u0440\u0445\u0443 \u043c\u0430\u0440\u0436\u043e\u0432\u0435\u0442\u0435 \u043d\u0430 \u043f\u0435\u0447\u0430\u043b\u0431\u0430, \u043a\u043e\u0435\u0442\u043e \u043f\u0440\u0430\u0432\u0438 \u0432\u043d\u0438\u043c\u0430\u0442\u0435\u043b\u043d\u0438\u044f \u043f\u0440\u0435\u0433\u043b\u0435\u0434 \u043d\u0430 \u043e\u043f\u0435\u0440\u0430\u0442\u0438\u0432\u043d\u0438\u0442\u0435 \u0440\u0430\u0437\u0445\u043e\u0434\u0438 \u0436\u0438\u0437\u043d\u0435\u043d\u043e\u0432\u0430\u0436\u0435\u043d, \u0437\u0430 \u0434\u0430 \u0441\u0435 \u0433\u0430\u0440\u0430\u043d\u0442\u0438\u0440\u0430 \u0443\u0441\u0442\u043e\u0439\u0447\u0438\u0432\u043e\u0441\u0442 \u043d\u0430 \u043f\u0430\u0437\u0430\u0440\u0430.<\/p>\n

\u0421\u043f\u043e\u0440\u0435\u0434 \u04131<\/a>, \u0442\u043e\u0432\u0430 \u043c\u043e\u0436\u0435 \u0434\u0430 \u0432\u043a\u043b\u044e\u0447\u0432\u0430 \u043f\u0440\u0435\u0441\u0442\u0440\u0443\u043a\u0442\u0443\u0440\u0438\u0440\u0430\u043d\u0435 \u043d\u0430 \u0443\u0441\u043b\u0443\u0433\u0438\u0442\u0435, \u043f\u0440\u0435\u0434\u043b\u0430\u0433\u0430\u043d\u0438 \u043e\u0442 \u0444\u0438\u043d\u0442\u0435\u0445 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438\u0442\u0435, \u0437\u0430 \u0434\u0430 \u0441\u0435 \u0437\u0430\u043f\u0430\u0437\u0438 \u043a\u043e\u043d\u043a\u0443\u0440\u0435\u043d\u0442\u043d\u043e\u0442\u043e \u0438\u043c \u043f\u0440\u0435\u0434\u0438\u043c\u0441\u0442\u0432\u043e.<\/p>\n

\u041e\u0441\u0432\u0435\u043d \u0442\u043e\u0432\u0430, \u0442\u0440\u0430\u0434\u0438\u0446\u0438\u043e\u043d\u043d\u0438\u0442\u0435 \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u0438 \u0438\u043d\u0441\u0442\u0438\u0442\u0443\u0446\u0438\u0438, \u043a\u043e\u0438\u0442\u043e \u0432\u0435\u0447\u0435 \u0441\u0435 \u043e\u0431\u043b\u0430\u0433\u0430\u0442 \u0441 \u0434\u0430\u043d\u044a\u043a \u043f\u043e 9%, \u0449\u0435 \u0442\u0440\u044f\u0431\u0432\u0430 \u0434\u0430 \u0441\u0435 \u0430\u0434\u0430\u043f\u0442\u0438\u0440\u0430\u0442 \u043a\u044a\u043c \u043d\u043e\u0432\u0438\u0442\u0435 \u0434\u0430\u043d\u044a\u0447\u043d\u0438 \u0438\u0437\u0438\u0441\u043a\u0432\u0430\u043d\u0438\u044f.<\/p>\n

\u0421\u043f\u043e\u0440\u0435\u0434 \u0418\u043a\u043e\u043d\u043e\u043c\u0438\u043a\u0430 \u043d\u0430 UOL<\/a>, \u0440\u0430\u0437\u043b\u0438\u0447\u043d\u0438 \u0441\u0435\u0433\u043c\u0435\u043d\u0442\u0438, \u043a\u0430\u0442\u043e \u043d\u0430\u043f\u0440\u0438\u043c\u0435\u0440 \u0434\u0438\u0433\u0438\u0442\u0430\u043b\u043d\u0438\u0442\u0435 \u0431\u0430\u043d\u043a\u0438, \u0449\u0435 \u0442\u0440\u044f\u0431\u0432\u0430 \u0434\u0430 \u0431\u044a\u0434\u0430\u0442 \u043a\u0440\u0435\u0430\u0442\u0438\u0432\u043d\u0438, \u0437\u0430 \u0434\u0430 \u0441\u043c\u0435\u043a\u0447\u0430\u0442 \u0432\u044a\u0437\u0434\u0435\u0439\u0441\u0442\u0432\u0438\u0435\u0442\u043e \u043d\u0430 \u043d\u043e\u0432\u0438\u0442\u0435 \u0440\u0430\u0437\u0445\u043e\u0434\u0438.<\/p>\n

\u0422\u043e\u0432\u0430 \u043c\u043e\u0436\u0435 \u0434\u0430 \u0432\u0430\u0440\u0438\u0440\u0430 \u043e\u0442 \u043f\u0440\u043e\u043c\u0435\u043d\u0438 \u0432 \u0446\u0435\u043d\u043e\u0432\u0430\u0442\u0430 \u0432\u0438 \u0441\u0442\u0440\u0443\u043a\u0442\u0443\u0440\u0430 \u0434\u043e \u0434\u043e\u0440\u0438 \u0438\u043d\u043e\u0432\u0430\u0446\u0438\u0438 \u0432 \u0442\u044a\u0440\u0433\u043e\u0432\u0441\u043a\u0438 \u0441\u0442\u0440\u0430\u0442\u0435\u0433\u0438\u0438<\/strong><\/u> \u043a\u043e\u0438\u0442\u043e \u0437\u0430\u043f\u0430\u0437\u0432\u0430\u0442 \u043f\u0440\u0438\u0445\u043e\u0434\u0438\u0442\u0435 \u0438 \u0441\u044a\u0449\u0435\u0432\u0440\u0435\u043c\u0435\u043d\u043d\u043e \u043e\u0441\u0438\u0433\u0443\u0440\u044f\u0432\u0430\u0442 \u0441\u043f\u0430\u0437\u0432\u0430\u043d\u0435\u0442\u043e \u043d\u0430 \u0434\u0435\u0439\u0441\u0442\u0432\u0430\u0449\u0438\u0442\u0435 \u0434\u0430\u043d\u044a\u0447\u043d\u0438 \u0440\u0430\u0437\u043f\u043e\u0440\u0435\u0434\u0431\u0438.<\/p>\n

\u0421\u043f\u043e\u0441\u043e\u0431\u043d\u043e\u0441\u0442\u0442\u0430 \u0437\u0430 \u0431\u044a\u0440\u0437\u043e \u0430\u0434\u0430\u043f\u0442\u0438\u0440\u0430\u043d\u0435 \u043a\u044a\u043c \u0442\u0435\u0437\u0438 \u0434\u0430\u043d\u044a\u0447\u043d\u0438 \u043f\u0440\u043e\u043c\u0435\u043d\u0438 \u0449\u0435 \u043e\u043f\u0440\u0435\u0434\u0435\u043b\u0438 \u0431\u044a\u0434\u0435\u0449\u0435\u0442\u043e \u043d\u0430 \u043c\u043d\u043e\u0433\u043e \u043e\u0442 \u0442\u0435\u0437\u0438 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438 \u043d\u0430 \u0434\u0438\u043d\u0430\u043c\u0438\u0447\u043d\u0438\u044f \u0434\u0438\u0433\u0438\u0442\u0430\u043b\u0435\u043d \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432 \u043f\u0430\u0437\u0430\u0440.<\/p>\n

\u0411\u044e\u0434\u0436\u0435\u0442\u0435\u043d \u0434\u0435\u0444\u0438\u0446\u0438\u0442 \u043e\u0442 21 \u043c\u0438\u043b\u0438\u0430\u0440\u0434\u0430 \u0431\u0440\u0430\u0437\u0438\u043b\u0441\u043a\u0438 \u0440\u0435\u0430\u043b\u0430 \u0438 \u0441\u0442\u0440\u0430\u0442\u0435\u0433\u0438\u0438 \u0437\u0430 \u043f\u0440\u0438\u0445\u043e\u0434\u0438<\/h2>\n

\u041f\u0440\u0430\u0432\u0438\u0442\u0435\u043b\u0441\u0442\u0432\u043e\u0442\u043e \u0435 \u0438\u0437\u043f\u0440\u0430\u0432\u0435\u043d\u043e \u043f\u0440\u0435\u0434 \u043f\u0440\u0435\u0434\u0438\u0437\u0432\u0438\u043a\u0430\u0442\u0435\u043b\u0441\u0442\u0432\u043e\u0442\u043e \u0431\u044e\u0434\u0436\u0435\u0442\u0435\u043d \u0434\u0435\u0444\u0438\u0446\u0438\u0442<\/strong> \u043e\u0442 R$ 21 \u043c\u0438\u043b\u0438\u0430\u0440\u0434\u0430<\/strong><\/u>, \u0442\u044a\u0440\u0441\u0435\u0439\u043a\u0438 \u043d\u0430\u0447\u0438\u043d\u0438 \u0437\u0430 \u0443\u0432\u0435\u043b\u0438\u0447\u0430\u0432\u0430\u043d\u0435 \u043d\u0430 \u043f\u0440\u0438\u0445\u043e\u0434\u0438\u0442\u0435 \u0431\u0435\u0437 \u043f\u043e\u0432\u0438\u0448\u0430\u0432\u0430\u043d\u0435 \u043d\u0430 \u0434\u0430\u043d\u044a\u0446\u0438\u0442\u0435 \u0432\u044a\u0440\u0445\u0443 \u043f\u043e\u0442\u0440\u0435\u0431\u043b\u0435\u043d\u0438\u0435\u0442\u043e.<\/p>\n

\u0421\u043b\u0435\u0434 \u043e\u0442\u0445\u0432\u044a\u0440\u043b\u044f\u043d\u0435\u0442\u043e \u043d\u0430 MP 1,303, \u043a\u043e\u0439\u0442\u043e \u0438\u043c\u0430\u0448\u0435 \u0437\u0430 \u0446\u0435\u043b \u0434\u0430 \u0443\u0432\u0435\u043b\u0438\u0447\u0438 CSLL \u0437\u0430 \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u0438\u044f \u0441\u0435\u043a\u0442\u043e\u0440, \u0441\u0435 \u043f\u0440\u043e\u0443\u0447\u0432\u0430\u0442 \u043d\u043e\u0432\u0438 \u0441\u0442\u0440\u0430\u0442\u0435\u0433\u0438\u0438.<\/p>\n

\u0421\u0440\u0435\u0434 \u0440\u0430\u0437\u0433\u043b\u0435\u0436\u0434\u0430\u043d\u0438\u0442\u0435 \u0430\u043b\u0442\u0435\u0440\u043d\u0430\u0442\u0438\u0432\u0438 \u0435 \u0434\u0430\u043d\u044a\u0447\u043d\u043e\u0442\u043e \u043e\u0431\u043b\u0430\u0433\u0430\u043d\u0435 \u043d\u0430 \u0446\u0438\u0444\u0440\u043e\u0432\u0438\u0442\u0435 \u0443\u0441\u043b\u0443\u0433\u0438 \u0438 \u0444\u0438\u043d\u0442\u0435\u0445 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438\u0442\u0435, \u043a\u0430\u043a\u0442\u043e \u0435 \u0441\u044a\u043e\u0431\u0449\u0435\u043d\u043e \u043e\u0442 \u0412\u0438\u0436<\/a>.<\/p>\n

\u041e\u0441\u0432\u0435\u043d \u0442\u043e\u0432\u0430 \u0438\u043a\u043e\u043d\u043e\u043c\u0438\u0447\u0435\u0441\u043a\u0438\u044f\u0442 \u0435\u043a\u0438\u043f \u043e\u0431\u043c\u0438\u0441\u043b\u044f \u0441\u0442\u0430\u043d\u0434\u0430\u0440\u0442\u0438\u0437\u0438\u0440\u0430\u043d\u0435 \u043d\u0430 \u0434\u0430\u043d\u044a\u043a\u0430 \u0432\u044a\u0440\u0445\u0443 \u0434\u043e\u0445\u043e\u0434\u0438\u0442\u0435 \u043e\u0442 \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u0438 \u0438\u043d\u0432\u0435\u0441\u0442\u0438\u0446\u0438\u0438, \u0441 \u0446\u0435\u043b \u0431\u043e\u0440\u0431\u0430 \u0441 \u043d\u0435\u0434\u043e\u0441\u0442\u0438\u0433\u0430 \u043d\u0430 \u0440\u0435\u0441\u0443\u0440\u0441\u0438, \u0431\u0435\u0437 \u0434\u0430 \u0441\u0435 \u043d\u0430\u0442\u043e\u0432\u0430\u0440\u0432\u0430 \u043f\u043e\u0442\u0440\u0435\u0431\u043b\u0435\u043d\u0438\u0435\u0442\u043e, \u043a\u043e\u0435\u0442\u043e \u0449\u0435 \u043e\u043a\u0430\u0436\u0435 \u043f\u0440\u044f\u043a\u043e \u0432\u044a\u0437\u0434\u0435\u0439\u0441\u0442\u0432\u0438\u0435 \u0432\u044a\u0440\u0445\u0443 \u0441\u0435\u043a\u0442\u043e\u0440\u0438 \u0441 \u043f\u043e-\u0433\u043e\u043b\u044f\u043c \u0434\u0430\u043d\u044a\u0447\u0435\u043d \u043a\u0430\u043f\u0430\u0446\u0438\u0442\u0435\u0442.<\/p>\n

\u0422\u043e\u0437\u0438 \u043f\u043e\u0434\u0445\u043e\u0434 \u0441\u0435 \u0441\u0442\u0440\u0435\u043c\u0438 \u043a\u044a\u043c \u0431\u0430\u043b\u0430\u043d\u0441\u0438\u0440\u0430\u043d\u0435 \u0441\u044a\u043e\u0442\u0432\u0435\u0442\u043d\u0438\u0442\u0435 \u0431\u044e\u0434\u0436\u0435\u0442\u043d\u0438 \u043d\u0443\u0436\u0434\u0438<\/u> \u0438 \u043f\u043e\u043b\u0438\u0442\u0438\u0447\u0435\u0441\u043a\u0438\u044f \u0438\u043c\u043f\u0435\u0440\u0430\u0442\u0438\u0432 \u0434\u0430 \u043d\u0435 \u0441\u0435 \u043d\u0430\u043a\u0430\u0437\u0432\u0430 \u043f\u043e\u0442\u0440\u0435\u0431\u0438\u0442\u0435\u043b\u044f\u0442.<\/p>\n

\u041f\u043e-\u0434\u043e\u043b\u0443 \u043f\u0440\u0435\u0434\u0441\u0442\u0430\u0432\u044f\u043c\u0435 \u0432\u044a\u0437\u043c\u043e\u0436\u043d\u0438\u0442\u0435 \u0438\u0437\u0442\u043e\u0447\u043d\u0438\u0446\u0438 \u043d\u0430 \u043f\u0440\u0438\u0445\u043e\u0434\u0438: <\/p>\n\n\n\n\n\n\n
\u0418\u0437\u0442\u043e\u0447\u043d\u0438\u043a<\/th>\n\u0410\u0437 \u043f\u0440\u0435\u0446\u0435\u043d\u0438\u0445<\/th>\n<\/tr>\n<\/thead>\n
\u041d\u043e\u0432 CSLL<\/td>\nR$ 5 \u043c\u0438\u043b\u0438\u0430\u0440\u0434\u0430<\/td>\n<\/tr>\n
\u0426\u0438\u0444\u0440\u043e\u0432\u043e \u0434\u0430\u043d\u044a\u0447\u043d\u043e \u043e\u0431\u043b\u0430\u0433\u0430\u043d\u0435<\/td>\nR$ 4 \u0431\u0438<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u0422\u043e\u0432\u0430 \u0443\u0441\u0438\u043b\u0438\u0435 \u0435 \u043e\u0442 \u0441\u044a\u0449\u0435\u0441\u0442\u0432\u0435\u043d\u043e \u0437\u043d\u0430\u0447\u0435\u043d\u0438\u0435 \u0437\u0430 \u0441\u043c\u0435\u043a\u0447\u0430\u0432\u0430\u043d\u0435 \u043d\u0430 \u0438\u043a\u043e\u043d\u043e\u043c\u0438\u0447\u0435\u0441\u043a\u043e\u0442\u043e \u0432\u044a\u0437\u0434\u0435\u0439\u0441\u0442\u0432\u0438\u0435 \u043d\u0430 \u0434\u0435\u0444\u0438\u0446\u0438\u0442\u0430, \u043a\u0430\u0442\u043e \u0441\u044a\u0449\u0435\u0432\u0440\u0435\u043c\u0435\u043d\u043d\u043e \u0441\u0435 \u0438\u0437\u0431\u044f\u0433\u0432\u0430\u0442 \u043d\u0435\u043f\u043e\u043f\u0443\u043b\u044f\u0440\u043d\u0438 \u043c\u0435\u0440\u043a\u0438.<\/p>\n

\u0421\u043b\u0435\u0434\u0432\u0430\u0449\u0438\u0442\u0435 \u0441\u0442\u044a\u043f\u043a\u0438 \u0432\u043a\u043b\u044e\u0447\u0432\u0430\u0442 \u0438\u043d\u0442\u0435\u043d\u0437\u0438\u0432\u0435\u043d \u0434\u0435\u0431\u0430\u0442 \u043c\u0435\u0436\u0434\u0443 \u043f\u0440\u0430\u0432\u0438\u0442\u0435\u043b\u0441\u0442\u0432\u043e\u0442\u043e \u0438 \u0440\u0430\u0437\u043b\u0438\u0447\u043d\u0438\u0442\u0435 \u0441\u0435\u043a\u0442\u043e\u0440\u0438, \u0432 \u0442\u044a\u0440\u0441\u0435\u043d\u0435 \u043d\u0430 \u043a\u043e\u043d\u0441\u0435\u043d\u0441\u0443\u0441, \u043a\u043e\u0439\u0442\u043e \u0449\u0435 \u043f\u043e\u0437\u0432\u043e\u043b\u0438 \u043f\u0440\u043e\u0432\u0435\u0436\u0434\u0430\u043d\u0435\u0442\u043e \u043d\u0430 \u0435\u0444\u0435\u043a\u0442\u0438\u0432\u043d\u0430 \u0438 \u0443\u0441\u0442\u043e\u0439\u0447\u0438\u0432\u0430 \u0444\u0438\u0441\u043a\u0430\u043b\u043d\u0430 \u043f\u043e\u043b\u0438\u0442\u0438\u043a\u0430.<\/p>\n

\u0412 \u043e\u0431\u043e\u0431\u0449\u0435\u043d\u0438\u0435<\/strong>, \u0434\u0430\u043d\u044a\u0447\u043d\u043e\u0442\u043e \u043e\u0431\u043b\u0430\u0433\u0430\u043d\u0435 \u043d\u0430 \u0444\u0438\u043d\u0442\u0435\u0445 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438\u0442\u0435 \u0438 \u043d\u043e\u0432\u0438\u0442\u0435 \u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0435\u043d\u0438\u044f \u043d\u0430 \u043f\u0440\u0430\u0432\u0438\u0442\u0435\u043b\u0441\u0442\u0432\u043e\u0442\u043e \u0441\u0430 \u043e\u0442 \u0441\u044a\u0449\u0435\u0441\u0442\u0432\u0435\u043d\u043e \u0437\u043d\u0430\u0447\u0435\u043d\u0438\u0435 \u0437\u0430 \u0441\u043f\u0440\u0430\u0432\u044f\u043d\u0435 \u0441 \u0431\u044e\u0434\u0436\u0435\u0442\u043d\u0438\u044f \u0434\u0435\u0444\u0438\u0446\u0438\u0442.<\/p>\n

\u0422\u044a\u0440\u0441\u0435\u043d\u0435\u0442\u043e \u043d\u0430 \u0440\u0435\u0448\u0435\u043d\u0438\u044f, \u043a\u043e\u0438\u0442\u043e \u0431\u0430\u043b\u0430\u043d\u0441\u0438\u0440\u0430\u0442 \u0441\u044a\u0431\u0438\u0440\u0430\u043d\u0435\u0442\u043e \u043d\u0430 \u043f\u0440\u0438\u0445\u043e\u0434\u0438 \u0438 \u0438\u043a\u043e\u043d\u043e\u043c\u0438\u0447\u0435\u0441\u043a\u0438\u044f \u0440\u0430\u0441\u0442\u0435\u0436, \u0449\u0435 \u0431\u044a\u0434\u0435 \u043e\u0442 \u0440\u0435\u0448\u0430\u0432\u0430\u0449\u043e \u0437\u043d\u0430\u0447\u0435\u043d\u0438\u0435 \u0437\u0430 \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u043e\u0442\u043e \u0431\u044a\u0434\u0435\u0449\u0435 \u043d\u0430 \u0441\u0442\u0440\u0430\u043d\u0430\u0442\u0430.<\/p>","protected":false},"excerpt":{"rendered":"

Tributa\u00e7\u00e3o Fintechs \u00e9 um tema que ganha cada vez mais relev\u00e2ncia no cen\u00e1rio econ\u00f4mico brasileiro, especialmente ap\u00f3s a rejei\u00e7\u00e3o da MP 1.303. O governo se v\u00ea diante da necessidade urgente de arrecadar receitas em um contexto de rombo or\u00e7ament\u00e1rio de R$ 21 bilh\u00f5es. Neste artigo, exploraremos as novas propostas discutidas […]<\/p>","protected":false},"author":12,"featured_media":1548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[205],"tags":[273,1018,274],"class_list":["post-1549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economia","tag-economia","tag-mp-1303","tag-tributacao"],"yoast_head":"\nGoverno Discutir\u00e1 Nova Tributa\u00e7\u00e3o de Fintechs - Holfik<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holfik.com\/bg\/governo-discutira-nova-tributacao-de-fintechs\/\" \/>\n<meta property=\"og:locale\" content=\"bg_BG\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Governo Discutir\u00e1 Nova Tributa\u00e7\u00e3o de Fintechs - Holfik\" \/>\n<meta property=\"og:description\" content=\"Tributa\u00e7\u00e3o Fintechs \u00e9 um tema que ganha cada vez mais relev\u00e2ncia no cen\u00e1rio econ\u00f4mico brasileiro, especialmente ap\u00f3s a rejei\u00e7\u00e3o da MP 1.303. O governo se v\u00ea diante da necessidade urgente de arrecadar receitas em um contexto de rombo or\u00e7ament\u00e1rio de R$ 21 bilh\u00f5es. 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