The social contribution on net profits rate is increasing by one percentage point for financial institutions and insurance companies.
On 28 April 2022, Brazil published Provisional Measure No. 1,115, which increases the social contribution on net profits (CSLL) rate by one percentage point for banks, insurance companies and other financial institutions, until 31 December 2022.
The CSLL rates increased:
From 20% to 21% for banks
From 15% to 16% for insurance companies, securities distributors, exchan…