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Brazilian Government proposes to increase combined CIT rate, and withholding tax on INE payments

|Tax Alerts, Legislation & Policy, Na ...|Brazil
Brazil

  • If enacted, the bill would increase the withholding tax rate on interest on net equity (INE) payments.
  • It would also increase the social contribution on net profits (CSLL) rate; the CSLL is one of the taxes that is considered part of the combined corporate income tax (CIT) in Brazil.
  • Taxpayers should monitor the progress of the bill through Congress and evaluate the impact the bill's provisions could have on their operations.
 

On 30 August 2024, the Brazilian Government submitted to the Congre…

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