Brazil Increases Minimum Monthly Salary for 2023
Brazil has published Provisional Measure No. 1.143 of 12 December 2022, which increases the minimum monthly salary from BRL 1,212 to BRL 1,302 with effect from 1 January 2023. With the change in the minimum monthly salary, the bracket thresholds for the progressive social security contribution rates are to be adjusted accordingly, including an increase in the first bracket (7.5%) threshold to …
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