Brazil: Annual income to be adjusted automatically by 4.5% for income tax assessment


The individual’s income will be automatically adjusted by 4.5% for one last time to provide for the inflation in Brazilian economy. The adjustment was first put in place in 2007 and was meant to be used until 2010 but it was further extended by the government till 2014 in the provisional measure 528. This taxContinue reading “Brazil: Annual income to be adjusted automatically by 4.5% for income tax assessment”