Brazil has published Law No. 14.374 of 21 June 2022, which amends the contribution rates for Social Integration Program (PIS) and Social Security Financing (COFINS) for petrochemical plants and chemical industries in Brazil. This includes PIS and COFINS rates of 1.26% and 5.8%, respectively, for the period January to March 2022 and rates of 1.65% and 7.6%, respectively, for the period April to December 2022. For all of 2023, PIS and COFINS rates of 1.39% and 6.4%, respectively, will apply as established by Law No. 14.183 of 14 July 2021.