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On March 1, 2020, Provisional Measure No. 1,034/2021
( MP ), which amends Law No. 7,689 / 1988 to increase the
rates of the Social Security Contribution on Net Income
( CSLL ) payable by legal entities that operate in the
financial sector, was published in the Official Gazette.
According to the MP, the CSLL rate, currently levied at 15% on
the taxable income accrued by legal entities that operate in the
financial sector, will be:
20% until December 31, 2021, and return to 15% as of January 1,
2022 for the following entities: private insurance companies,
capitalization companies, distributors of securities; foreign