Brazil Social Security System Reform Proposed Including New Contribution Rates

On 20 February 2019, the Brazilian Government submitted a proposed bill (PEC 6/2019) in the National Congress for the reform of the social security system. One of the main aspects of the bill is a consolidation of social security rate tables for private employees and civil servants with a progressive rate table as follows based on salary:
- up to BRL 998 - 7.5%
- BRL 998.01 – 2,000 - 9%
- BRL 2,000.…