As previously reported, Brazil increased the minimum monthly salary from BRL 1,212 to BRL 1,302 for 2023 through Provisional Measure No. 1.143 of 12 December 2022. However, a further increase to BRL 1,320 has been approved by both houses of the National Congress as part of the Budget for 2023 with effect from 1 January 2023. With the change in the minimum monthly salary, the bracket thresholds for the progressive social security contribution rates are to be adjusted accordingly, including an …