Personal Income Tax Rate in Brazil is expected to reach 27.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Personal Income Tax Rate is projected to trend around 27.50 percent in 2021, according to our econometric models.
Brazil Personal Income Tax Rate
Brazil personal income tax rate is progressive, ranges from 0 to 27.5 percent and is collected by the Federal Government. Besides incomes, individuals are also taxed on their worldwide earnings and assets gains.
The benchmark we use refers to the Top Marginal Tax Rate for individuals.