Brazil has published Law No. 15.191 of 11 August 2025 in the Official Gazette, which converts Provisional Measure No. 1.294 of 11 April 2025 into law. As previously reported, this provides for the revision of the monthly individual income tax brackets/rates as follows with effect from the month of May 2025:
- up to BRL 2,428.80 - 0%
- from BRL 2,428.81 to 2,826.65 - 7.5%
- from BRL 2,826.66 to 3,751.05 - 15.0%
- from BRL 3,751.06 to 4,664.68 - 22.5%
- over BRL 4,664.68 - 27.5%
This does not affect…