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Increase In Rates Of Social Security Contribution On Net Income Payable By Legal Entities Operating In Financial Sector - Corporate/Commercial Law

To print this article, all you need is to be registered or login on Mondaq.com. 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

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