Brazil has published Provisional Measure No. 1.115 of 28 April 2022, which temporarily increases the social contribution on profits (CSLL) rates for financial institutions by 1%. This includes:
- The 15% rate that applies for the following is increased to 16%:
- private insurance companies;
- capitalization companies;
- distributors of securities;
- foreign exchange and securities brokers;
- credit, financing, and investment companies;
- real estate credit companies;
- credit card administrators;
- leasing c…