Brazil has published Provisional Measure No. 1.115 of 28 April 2022, which temporarily increases the social contribution on profits (CSLL) rates for financial institutions by 1%. This includes:

• The 15% rate that applies for the following is increased to 16%:
  • private insurance companies;
  • capitalization companies;
  • distributors of securities;
  • foreign exchange and securities brokers;
  • credit, fina…