OrbitaxOrbitax

Brazil Confirms Minimum Monthly Salary and Individual Tax Brackets from May 2023

|Approved Changes|Brazil
Brazil

Brazil has published Law No. 14.663 of 28 August 2023 in the Official Gazette, which includes measures regarding the minimum monthly salary (wage) and the monthly individual income tax brackets/rates. Regarding the minimum salary, Law No. 14,663 provides that the minimum monthly salary is BRL 1,320.00 with effect from 1 May 2023, confirming announcements on the minimum monthly salary earlier i…

Continue Reading