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Brazilian Government proposes to increase combined CIT rate, and withholding tax on INE payments

|Tax Alerts, Legislation & Policy, Na ...|Brazil
Brazil

  • If enacted, the bill would increase the withholding tax rate on interest on net equity (INE) payments.
  • It would also increase the social contribution on net profits (CSLL) rate; the CSLL is one of the taxes that is considered part of the combined corporate income tax (CIT) in Brazil.
  • Taxpayers should monitor the progress of the bill through Congress and evaluate the impact the bill's provisions coul…

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