Brasil: Entorn econòmic
Consult the Guide on Brazilian VAT to find import duty and taxes which apply to your product.
A municipal property transfer tax (ITBI) is levied on the transfer of immovable property, with different rates according to the municipality in which the property is located.
PIS and COFINS are levied on imports at rates of 1.65% and 7.6%, respectively, for the import of services; and 2.1% and 9.65%, respectively, on importation of goods.
Capital gains are treated the same way as ordinary income (subject to restrictions on the offsetting of capital losses against ordinary profits in certain cases).
Capital gains derived by a non-resident on an investment registered with the central bank are subject to progressive rates, as follows:
Tax losses can be carried forward indefinitely. Nevertheless, the loss carry-forward is capped at 30% of taxable income (before the deduction of net operating losses). Loss carryback is not permitted.
Exemptions and reductions of corporate income tax are provided for businesses in certain less developed areas. Foreign tax credit is available for resident companies on foreign income tax paid, generally limited to the amount of CIT and SCT on the foreign income.
There are numerous other taxes levied in Brazil, including:
Brazil | Latin America & Caribbean | United States | Germany | |
Number of Payments of Taxes per Year | 9.6 | 28.2 | 10.6 | 9.0 |
Time Taken For Administrative Formalities (Hours) | 1,501.0 | 327.5 | 175.0 | 218.0 |
Total Share of Taxes (% of Profit) | 65.1 | 46.8 | 36.6 | 48.8 |
Source: Doing Business, Latest available data.
MONTHLY Taxable Income | Rates (2022) |
Below BRL 1.903,98 | 0% |
From BRL 1.903,99 to 2.826,65 | 7.5% |
From BRL 2.826,66 to 3.751,05 | 15% |
From BRL 3.751,06 to 4.664,68 | 22.5% |
Over BRL 4.664,68 | 27.5% |
Some items can be deducted from the tax due rather than from the calculation base, such as: donation made to official government, state, and/or municipal child care entities and elderly fund; certain qualified contributions to cultural, audio-visual, and sports projects (capped at 6% of the tax due); contribution to health programs related to cancer and mentally handicapped support (capped at 1% of the tax due); private pension contributions made by the beneficiary and for one's dependents (capped at 12% of gross taxable income).
When calculating annual federal income tax liability, instead of itemised deductions taxpayers may elect for a standard deduction of 20% (up to BRL 16,754.34 in 2022, with this amount being reviewed each year).
Individuals with a business income (non-employees) may deduct the expenses necessary to produce the business' revenue, investments and expenses to maintain the business, and payments made to third parties who have an employment relationship with the respective payroll charges.
Non-residents of a non-treaty country are liable for a flat rate of 25% tax on their income earned in Brazil (no deductions are allowed). Rental income received from a property located in Brazil is taxed at 15%. Income received abroad by non-residents is tax exempt.
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Actualitzacions: May 2023