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Brazilian Government Considering Tax Increases to Cover Cost of Partially Extended Regime for Social Contributions on Gross Income

27 August 2024

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Proposed Changes

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Brazil

Brazilian Finance Minister Fernando Haddad has reportedly announced plans to increase levies on interest on equity and the rate of social contribution on profits (CSLL). The increases are meant to cover the cost of the partial extension of the optional regime for social contributions on gross income (revenue) (CPRB) recently approved by the Senate and pending approval by the Chamber of Deputies, and will be included as part of the federal government's budget law proposal if needed. On 20 August 2024, the Brazilian Senate approved the extension of the CPRB until the end of 2024, with the regime gradually phased...