Brazil has published Provisional Measure No. 1.034 of 1 March 2021, which sets the social contribution on profits (CSLL) rates as follows, including an increase for certain financial institutions:
- 20% until 31 December 2021 and 15% from 1 January 2022 in the case of:
- private insurance companies;
- capitalization companies;
- distributors of securities;
- foreign exchange and securities brokers;
- credit, financing, and investment companies;
- real estate credit companies;
- credit card administrators;…