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Brazil Introduces Payroll Tax Cuts to Promote Employment

|Approved Changes|Brazil
Brazil

Brazil has published Provisional Measure No. 905 of 11 November 2019, which includes measures for the so-called Green and Yellow Employment Contract program. The program is designed to promote employment in Brazil, especially for younger persons, and includes several payroll-related tax benefits for employers. For employers hiring qualified employees under the program, the benefits include:

  • A…

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