If enacted, the bill would increase the withholding tax rate on interest on net equity (INE) payments.It would also increase the social contribution on net profits (CSLL) rate; the CSLL is one of the taxes that is considered part of the combined corporate income tax (CIT) in Brazil.Taxpayers should monitor the progress of the bill through Congress and evaluate the impact the bill's provisions could have on their operations. On 30 August 2024, the Brazilian Government submitted to the Congress a bill (Bill No. 3,394 of 2024 (PL 3,394)) that would increase certain income taxes as part of its efforts to...