On 14 September 2015, Brazil's Minister of Finance and Minister of Planning, Budget and Management announced proposed tax measures to increase revenue. The measures include:
- Replacing the flat individual capital gains tax rate of 15% with progressive rates ranging from 10% up to 30%;
- Reinstating the bank transactions tax (CPMF) at a rate of 0.20% on any debit in a bank account for four years;
- Reducing the maximum tax relief (refund) under the REINTEGRA regime for exports to the lowest rate o…