On 1 April 2015, Brazil published in the Official Gazette Normative Instruction 1,558/2015, adjusting the annual individual income tax bracket thresholds for 2015. The number of brackets and rates are not changed. The new annual income brackets and rates are as follows: up to BRL 22,499.13 - 0% 22,499.14 up to 33,477.72 - 7.5% 33,477.73 up to 44,476.74 - 15.0% 44,476.75 up to 55,373.55 - 22.5% over BRL 55,373.55 - 27.5% The new bracket thresholds apply from 1 April 2015 through 31 March 2016.