On 2 September 2015, the Brazilian Chamber of Deputies approved Bill 25/2007, which increases the revenue threshold for Brazils simplified tax regime. Under the simplified tax regime, eligible companies pay a single tax in place of corporate income tax, certain social security contributions, value added tax, and others. The simplified rates range from 4% to 22.90% based on the taxpayer's business classification and annual gross revenue.
Currently, the thresholds are annual gross revenue of B…