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Brazil - Other taxes and levies

Brazil - Other taxes and levies

Taxation of international executives


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Social security tax

Are there social security/social insurance taxes1 in Brazil? If so, what are the rates for employers and employees?

Any employee on a Brazilian payroll is subject to social security contributions. According to the current legislation, the monthly social security contribution in Brazil (‘INSS’) is due on the totality of the remuneration, at rates of 7.5 percent up to 14 percent, with a contribution cap of BRL713.09 for the employee (valid for 2020); while the rate is 20 percent from 28.8 percent (no cap) for the Company over the gross compensation paid to the employee. This includes an 8 percent contribution of the employer over the gross compensation paid to the employee, to the Brazilian Government Fund for Employees (“FGTS”).

Employer and employee



Paid by employer

Paid by employee


Social security

20.0% - 28.5%

14.5% with cap


Severance indemnity





Gift, wealth, estate, and/or inheritance tax

Are there any gift, wealth, estate, and/or inheritance taxes in Brazil?

Wealth taxes

A net worth statement does presently form part of the individual income tax return, although no tax is assessed.

Inheritance and gift taxes

According to decree No. 46655, issued 1 April 2002, a 4 percent (ITCMD) inheritance and gift tax was implemented for the state of São Paulo. This rate may differ in other states within Brazil. Under certain circumstances a portion of the inheritance or gift may be exempt from tax.

Real estate tax

Are there real estate taxes in Brazil?

Individuals owning real state in Brazil are subject to real state taxes (IPTU). This is a municipal tax calculated on value of each property as assessed by the authorities. Usually the tax is calculated taking into account the location and size of the property that can be land, house, apartments, business offices, and so on.

Sales/VAT tax

Are there sales and/or value-added taxes in Brazil?

There are no sales or VAT taxes in Brazil.

Unemployment tax

Are there unemployment taxes in Brazil?

There is no unemployment tax in Brazil.

Other taxes

Are there additional taxes in Brazil that may be relevant to the general assignee? For example, customs tax, excise tax, stamp tax, and so on.

Local taxes

A municipal building tax, normally passed on to tenants, is the only direct local tax2.

Foreign Financial Assets

Is there a requirement to declare/report offshore assets (e.g., foreign financial accounts, securities) to the country/jurisdiction’s fiscal or banking authorities?



1. Regulamento do Plano de Custeio da Previdência Social

2. Regulamento do Imposto Predial e Territorial Urbano

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