Brazil Monthly Individual Income Tax Brackets for 2015

On 11 March 2015, Brazil published in the Official Gazette Provisional Measure (PM) 670/2015, increasing the monthly individual income tax bracket thresholds for 2015. The number of brackets and rates are not changed.

The new monthly income brackets and rates are as follows:

• up to BRL 1,903.98 - 0%
• over BRL 1,903.98 up to 2,826.65 - 7.5%
• over BRL 2,826.65 up to 3,751.05 - 15.0%
• over BRL 3,751.05 up to 4,664.68 - 22.5%
• over BRL 4,664.68 - 27.5%

The new bracket thresholds apply from 1 Apri…