Income Tax in 🇧🇷 Brazil

Tax brackets, effective rates, and net income calculations. Data from official government sources.

Brazil's taxation structure is complex and relatively high, evidenced by a Taxation Score of 30/100. Tax revenue as a percentage of GDP stands at 33%, while corporate tax is 34% and VAT is 17%. For individuals, income tax brackets escalate quickly, with the highest rate at 28% for incomes over $55,976 USD, and social contributions can be substantial. Understanding the local tax residency rules is paramount to avoid unexpected burdens, especially given the median local salary is significantly lower than the top bracket.