–PERSONAL INCOME TAX– personal income tax in brazil in taxed based on Individual’s income

-CORPORATE TAXES- 15 percent of ‘ACTUAL PROFIT’ OR ‘PRESUMED PROFIT’

-Surtax of 10 percent for yearly income over BRL 240,000 ;

110,000 additional included for social security.

-CAPITAL GAIN

CORPORATE capital gain is taxed as normal income and thus included in normal income

individual capital gain is taxed at a specified rate

-Social security

-Federal social contribution

-Federal excise tax

-Municipal service tax

-Sales and service tax

ALLOWABLE EXPENSES

Expenses allowable for tax purpose are specified by law

Disclaimer; we made effort to present tax information; however we disclaim all liability as a result of reliance on this article. Consult your professional