As previously reported, the Brazilian government is looking to increase tax revenue 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. This includes plans to increase the withholding tax rate on interest on net equity (JCP) and the rates of social contribution on profits (CSLL). A draft bill for this purpose was submitted in the National Congress on 30 August 2024. With respect to JCP, the draft bill would increase the withholding tax rate on JCP from 15% to 20%. With respect to CSLL,...