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Retained

  • Statutory Tax Rate 15
  • Surtax Based on Taxable Income 19
  • Surtax Based on Statutory Tax 0
  • Surtax Deductible from Taxable Income 0
  • Statutory Tax Deductable 0
  • Effective Tax Rate 34

Statutory Tax Rate

Corporate income tax (IRPJ) is levied at the rate of 15%. A surtax of 10% applies on taxable income exceeding the annual amount of BRL 240,000. Social contribution on net profit (CSLL) is levied at the rate of 9% (15% for financial institutions). The effective tax rate on taxable income (for a non-financial companies) of 1 million will be 31.6% calculated as follows: IRPJ 15%, CSLL 9% and AIR 7.6% (10% of BLR 1million taxable income less BLR 240,000).

Surtax Based on Taxable Income

A surtax of 10% applies on taxable income exceeding the annual amount of BRL 240,000. Social contribution on net profit (CSLL) is levied at the rate of 9% (15% for financial institutions).