On 18 March 2025, the Brazilian Government presented to Congress a bill of law that would modify the income tax exemption brackets for Brazilian individuals. The proposal would increase the exemption applicable to low-income earners. To offset the anticipated loss in tax revenue, the bill would implement additional taxes on high-income individuals and reintroduce withholding taxes on dividends paid to nonresident shareholders (both foreign individuals and legal entities).

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Fuente:  EY