Brazil

Paying Taxes in

Brazil

Listed below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in December 2010.

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To see indicator data for all economies, see the Paying Taxes page. To see how economies rank, see the Rankings page.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
ICMS (similar to VAT) 1 online filing 1374 18% value added (including taxes) 91.4 not included
IPI (similar to VAT) 1 online filing 20% value added (including taxes) 84.6 not included
PIS/COFINS (similar to VAT) 1 online filing 9.25% value added 39.1 not included
Social security contributions (INSS) 1 online filing 490 20% gross salaries 22.6
Corporate income tax (IRPJ) 1 online filing 736 15%+10% (surcharge applies on annual taxable income exceeding BRL 240,000) taxable profits 16.4
Payroll tax 1 online filing 9% gross salaries 9.3
Severance contribution (FGTS) 0 paid jointly 8.5% gross salaries 9
Social contribution (CSLL) 1 online filing 9% taxable profits 5.9
Property tax 1 2.5% market value of property 3.7
Tax on interest (IRRF) 0 20% interest income 0.5 not included
Vehicle tax 1 1.5% market value of vehicle 0.1
Totals: 9 2600 67.1
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