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Brazil Considering Tax Measures to Increase Revenue

|Proposed Changes|Brazil
Brazil

On 14 September 2015, Brazil's Minister of Finance and Minister of Planning, Budget and Management announced proposed tax measures to increase revenue. The measures include:

  • Replacing the flat individual capital gains tax rate of 15% with progressive rates ranging from 10% up to 30%;
  • Reinstating the bank transactions tax (CPMF) at a rate of 0.20% on any debit in a bank account for four years;

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