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Brazil’s new income tax rules are on today’s congressional agenda (August 17)

RIO DE JANEIRO, BRAZIL - The changes in Income Tax regulations are on the Chamber of Deputies Plenary's agenda this Tuesday. The bill represents the second stage of the tax reform (Executive Bill 2337/21).

The bill changes the tax legislation with measures such as the adjustment of the exemption range, the imposition of tax on profits and dividends distributed by companies to shareholders, the lowering of corporate income tax and the elimination of some sectorial corporate tax benefits.

All measures would be effective as of January 1, 2022, under the constitutional principle that changes in taxes can only take . . .

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