Brazil Increasing Minimum Monthly Salary as Part of 2022 Budget
The Brazilian government recently submitted the 2022 Budget in the National Congress. While the proposed budget does not include tax measures, it does provide for an increase in the minimum monthly salary BRL 1,100 to BRL 1,169 with effect from 1 January 2022. The increase will impact the bracket thresholds for the progressive social security contribution rates, including a corresponding increa…
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