Brazil has published Provisional Measure (PM) No. 1.303 of 11 June 2025, concerning the taxation of financial investments and virtual assets and certain other provisions. Key changes include:

• An increase in the withholding tax on interest on net equity (juros sobre o capital próprio - JCP) from 15% to 20%;
• An increase in the social contribution on net profit (CSLL) rate for certain financial …