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Brazil Tax News 2010



Brazil Tax Rates 2012


March 2012
The 2012 corporate income tax rate in Brazil is 34% including surtax and social contribution. The personal income tax rates vary from 7.5% to 27.5%. The highest rate relates to income exceeding BRL 46,939.
The average national VAT rate is 20%.

Brazil New 4% Financial Transactions Tax


October 2010
The Brazilian government increased the financial transaction tax, IOF, from the previous 2% to a new 4% rate effective from 5/10/10.
The new rate relates to foreign investments in Brazilian fixed income securities and is aimed to prevent short term speculative transactions.

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