Brazil Tax Tables 2024 - Tax Rates and Thresholds in Brazil
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This page contains the tax table information used for the calculation of tax and payroll deductions in Brazil in 2024. These tax tables are used for the tax and payroll calculators published on iCalculator™ BR, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Brazil or would like to add to or suggest amendments to the information herein then please contact us.
2024 Tax Tables [Quick Links]
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Brazil Personal Income Tax Tables in 2024
The Income tax rates and personal allowances in Brazil are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Brazil Tax Calculator 2024.
Brazil Residents Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Income from R$ 0.000.00 | to | R$ 22,847.76 |
| 7.5% | Income from R$ 22,847.77 | to | R$ 33,919.80 |
| 15% | Income from R$ 33,919.81 | to | R$ 45,012.60 |
| 22.5% | Income from R$ 45,012.61 | to | R$ 55,976.16 |
| 27.5% | Income from R$ 55,976.17 | | and above |
Brazil Non-residents Income Tax Tables in 2024
Personal Income Tax Rates and Thresholds (Annual)| Tax Rate | Taxable Income Threshold |
|---|
| 0% | Income from R$ 0.000.00 | to | R$ 22,847.76 |
| 7.5% | Income from R$ 22,847.77 | to | R$ 33,919.80 |
| 15% | Income from R$ 33,919.81 | to | R$ 45,012.60 |
| 22.5% | Income from R$ 45,012.61 | to | R$ 55,976.16 |
| 27.5% | Income from R$ 55,976.17 | | and above |
Brazil Social Security and Payroll Deduction Rates in 2024
In Brazil, the social security and payroll deduction system encompasses several contributions made by both employees and employers. These contributions are integral to funding various social welfare programs, ensuring a safety net for the workforce and their families.
Brazil Social Security in 2024: Rates for Employers and Employees| Category | Employee | Employer | Total |
|---|
| Instituto Nacional do Seguro Social (INSS) Level 1 | 7.5% | 20% | 27.5% |
| INSS Level 2 | 9% | 0% | 9% |
| INSS Level 3 | 12% | 0% | 12% |
| INSS Level 4 | 14% | 0% | 14% |
| Fundo de Garantia do Tempo de Serviço (FGTS) | 0% | 8.66% | 8.66% |
| Work accident insurance (RAT) | 0% | 2% | 2% |
| Social assistance (SENAR, SENAC, SESC, SENAI or SESI) | 0% | 6% | 6% |
Brazil Social Security and Payroll Deduction in 2024: Earnings Thresholds for Employers and Employees| Category | Employee | Employer |
|---|
| Min. | Max. | Min. | Max. |
|---|
| Instituto Nacional do Seguro Social (INSS) Level 1 | n/a | R$ 1,212.00 | n/a | n/a |
| INSS Level 2 | R$ 1,212.00 | R$ 2,457.35 | R$ 0.00 | R$ 0.00 |
| INSS Level 3 | R$ 2,457.35 | R$ 3,641.03 | R$ 0.00 | R$ 0.00 |
| INSS Level 4 | R$ 3,641.03 | R$ 7,087.22 | R$ 0.00 | R$ 0.00 |
| Fundo de Garantia do Tempo de Serviço (FGTS) | n/a | n/a | R$ 0.00 | R$ 0.00 |
| Work accident insurance (RAT) | n/a | n/a | R$ 0.00 | R$ 0.00 |
| Social assistance (SENAR, SENAC, SESC, SENAI or SESI) | n/a | n/a | R$ 0.00 | R$ 0.00 |
Retirement and Pension Contributions
A significant portion of social security deductions is allocated towards retirement and pension funds. These contributions ensure that employees receive financial support upon reaching retirement age, providing a stable income during their post-work years.
Healthcare Contributions
Contributions are also made towards Brazil's healthcare system. These funds are used to maintain and improve the public healthcare system, offering employees and their dependents access to medical care and services.
Unemployment Insurance
Another critical component is unemployment insurance. Contributions to this fund provide financial assistance to employees who lose their jobs, offering temporary support as they seek new employment.
Sickness and Maternity Benefits
Payroll deductions in Brazil also cover sickness and maternity benefits. These provide financial support to employees during periods of illness or maternity leave, ensuring they have the necessary resources during times when they are unable to work.
Accident Insurance
Lastly, contributions to accident insurance are made to offer protection to employees who suffer work-related injuries or illnesses. This insurance helps cover medical expenses and provides financial support during the recovery period.
The social security system in Brazil, funded through these payroll deductions, plays a pivotal role in supporting the workforce and their families, contributing significantly to the nation's social and economic stability.
Brazil VAT Rates in 2024
VAT rates for Brazil are reviewed annually, you can use the VAT Calculator to calculate VAT due in Brazil or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Brazil VAT Rates| VAT Rate | VAT Description |
|---|
| 12% | Transportation services |
| 17% | ICMS Reduced |
| 20% | ICMS Standard |
| 25% | Communication services Reduced |
| 30% | Communication services Standard |
Historic Tax Tables supported for Brazil
The following tax tables are supported by iCalculator™ BR as part of the suite of free tax tools we provide for Brazil.