Income tax rates for Brazil
Corporate Tax: Brazil's corporate tax rate for 2009 is 34%.The tax consists of a basic tax of 15%. There is also a surtax of 10% for annual income of over BRL 240,000, about $ 110,000. Additonal 9% are added for social contribution on net profits.
Capital Gains: Capital gains of companies are added to the regular income.
Social Security
The contributions by the employer and the employee are subject to to ceiling defined by law.
Employer: 37.3% of the gross salary, 28.8% social security and 8.5% for severance fund.
Employee: 7.65%-11% of the gross salary. The employee's payment, which is capped, is based on a "contribution salary table", provided by the government
Last partial update, March 2009
Individual Income Tax: Brazil's individual income tax rates for 2009 are progressive, from 7.5% to 27.5%.
Personal annual tax rates 2009 (BRL)
Income (BRL) %
1-17,215 -
17,216-25,800 7.5
25,801-34,400 15
34,401-42,984 22.5
over 42,984 27.5