On 28 October 2016, Complementary Law No. 155 of 2016 was published in Brazil's Official Gazette. The Law makes certain amendments to the country's simplified tax regime (Simples Nacional), including:

• The threshold for qualifying small businesses is increased to annual gross income of at most BRL 4.8 million (for individuals, the threshold is increased to BRL 81,000);
• The scope of the regime i…