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Normative Instruction 1,433/2013 (NI 1,433), published in the Official Gazette of 2 January 2014, established the annual income tax brackets on income derived from employee profit sharing plans applicable for taxable year 2014. Accordingly, the 2014 income tax brackets are as follows:
| Amount (BRL) | Tax rate (%) | Deductible amount (BRL) | ||
|---|---|---|---|---|
| up to | 6,270… | |||
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