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Brazil Extends Provisional Measure on Payroll-based Social Security Tax for Most Companies

|Approved Changes|Brazil
Brazil

On 23 May 2017, Brazil published National Congress Act 28/2017 in the Official Gazette. The Act extends the validity of Provisional Measure (PM) 774/2017 for 60 days. PM 774 was published on 30 March 2017 ({News-2017-04-05/A/2- previous coverage}) and reestablishes the 20% social security tax on payroll (INSS) for most companies, except for those engaged in passenger transport, construction, b…

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