On 17 June 2015, Brazil's Chamber of Deputies approved Provisional Measure (PM) 670/2015, which was initially published on 11 March 2015 and extended on 4 May 2015. The PM sets out the monthly individual income tax brackets as follows:
- up to BRL 1,903.98 - 0%
- over BRL 1,903.98 up to 2,826.65 - 7.5%
- over BRL 2,826.65 up to 3,751.05 - 15.0%
- over BRL 3,751.05 up to 4,664.68 - 22.5%
- over BRL 4,664.68 - 27.5%
The bracket thresholds apply from 1 April 2015 and are used to determine the monthly t…