On 28 May 2015, the Brazilian Senate approved Provisional Measure (PM) 668/2015, which increased the rates of the Program for Social Integration Contribution (PIS) and Contribution for the Financing of Social Security (COFINS) on imports. This completes the approval process, as the Chamber of Deputies approved the measure on 19 May, although it must still be published in the Official Gazette. The measure has already been in effect since 1 May 2015, but needed to be approved to remain so. According to PM 668/2015, the rates on imports are generally increased from 1.65% to 2.1% for PIS and from 7.6%...