Brazil Gazettes Normative Instruction Increasing Social Security Contribution Rates for Rural Producers

The Brazilian Official Gazette April 14 published Normative Instruction RFB No. 2,321, amending Normative Instruction RFB No. 2,110/2022, on increasing social security contribution rates for rural producers. The normative instruction includes measures: 1) increasing, to 1.87 percent from 1.7 percent, and, to 1.32 percent from 1.2 percent, the social security contribution rates on gross revenue from the commercialization of production for legal entity rural producers and individual rural producers, respectively; 2) increasing, to 0.11 percent from 0.1 percent, the work-accident financing rate for the specified rural producers; 3) increasing, to 5.5 percent from 5 percent, and, to 4.4 percent from ...