The Brazilian government has issued a release explaining individual income tax changes for 2026, including the new income tax exemption and reduction tables. As previously reported, Brazil approved the introduction of a new monthly tax reduction in November 2025, providing a full reduction (exemption) on monthly taxable income up to BRL 5,000, and a partial reduction on taxable income between BRL 5,000.01 and BRL 7,350, which applies from January 2026. The reduction table for 2026 is as foll…