Brazil Gazettes Provisional Measure Setting Monthly Progressive Table for Individual Income Tax Withholding

The Brazilian Official Gazette April 14 published Provisional Measure No. 1.294, setting the progressive table for monthly individual income tax withholding, applicable from May 2025. The table includes tax rates of: 1) zero percent for income up to 2,428.80 Brazilian reals (US$412); 2) 7.5 percent for income above 2,428.80 reals and up to 2,826.65 reals (US$480), with 182.16 reals (US$31) deductible from income tax; 3) 15 percent for income above 2,826.65 reals and up to 3,751.05 reals (US$637), with 394.16 reals (US$67) deductible from income tax; 4) 22.5 percent for income above 3,751.05 reals and up to 4,664.68 reals (US$792), ...