Brazil has published Constitutional Amendment No. 103, which was enacted on 12 November 2019 and provides for certain social security systems reforms. One of the main aspects of the reform is a consolidation of the social security rate tables for private employees and civil servants with a progressive rate table as follows based on salary:
- up to one minimum wage (currently BRL 998.00) - 7.5%
- over one minimum wage up to BRL 2,000 - 9%
- from BRL 2,000.01 up to BRL 3,000 - 12%
- from BRL 3,000.01…