Brazil Publishes Law for Conversion of Provisional Measure for Reduced Payroll Contributions

Brazil has published Law 14.025 of 14 July 2020 for the conversion of Provisional Measure 932 of 31 March 2020, which provided a temporary rate reduction for certain payroll contributions due by employers in response to COVID-19 ({News-2020-04-14/A/4-previous coverage}). As approved by the Senate, the temporary reduction would be limited to the period April and May 2020 instead of April to June 2020 as provided in Provisional Measure 932. However, this was vetoed by the president in Law 14.0…