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Brazil will end a tax exemption for importing electric vehicles, gradually raising the duty to 35% over three years, Industry Ministry official Uallace Moreira told Reuters on Friday. Brazil-based ...
Brazil's lower house of Congress approved on Tuesday the main text of a bill that would enact a new 20% import tax on international online purchases under $50, significantly down from a higher tax ...
Brazil’s lower house has approved a major reform of the nation’s notoriously complicated tax system in a major victory for leftist President Luiz Inácio Lula da Silva, who threw his weight ...
With the change in the Brazilian tax system, made possible by Amendment No. 18 of 1 December 1965, there was significant growth, reaching up to 26% of GDP index. In 1986, the analysis of the tax burden resulted in 26.2% of the national GDP. The analysis of the Federal Revenue of Brazil for 2005 indicates the percentage of 37.37% of GDP.
The Special Department of Federal Revenue of Brazil (Portuguese: Secretaria Especial da Receita Federal do Brasil), most commonly referred to as Receita Federal (RFB) is the Brazilian federal revenue service agency and a secretariat of the Ministry of the Economy. The bureau has the role of administering tax collection and the customs of Brazil.
Among measures recently adopted to balance the economy, Brazil carried out reforms to its social security (state and retirement pensions) and tax systems. These changes brought with them a noteworthy addition: a Law of Fiscal Responsibility which controls public expenditure by the executive branches at federal, state and municipal levels.
For 2025, the IRS has adjusted income tax brackets to accommodate rising wages. The 37% top tax rate applies to singles earning over $626,350 and married couples earning over $751,600 (an increase ...
Lawmakers in Brazil's lower house of Congress approved on Tuesday the main text of a bill that would carry out a major overhaul on consumption taxes, while voting on amendments to the proposal is ...