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Brazil Converts Provisional Measure Amending Certain CSLL Rates into Law

|Approved Changes|Brazil
Brazil

Brazil has published Law No. 14.183 of 14 July 2021 in the Official Gazette, which converts the measures of Provisional Measure No. 1.034 of 1 March 2021 into law with some adjustments and introduces various other changes. This includes the social contribution on profits (CSLL) rates are set as follows:

  • 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 brok…

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