The Social Security Rate For Companies in Brazil stands at 28.80 percent. Social Security Rate For Companies in Brazil averaged 28.41 percent from 2004 until 2018, reaching an all time high of 31.80 percent in 2014 and a record low of 20 percent in 2016. source: Ministério da Previdência Social
Social Security Rate For Companies in Brazil is expected to be 28.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Brazil Social Security Rate For Companies is projected to trend around 28.80 percent in 2020, according to our econometric models.
Brazil Social Security Rate For Companies
In Brazil, social security tax rate for companies is composed of four different taxes: Employer’s Contribution (20 percent + 2.5 percent if financial institution); Working Accident Contribution RAT (1 to 3 percent), Length-of-Service Guarantee Fund FGTS (8 percent) and Other Entities Contributions (5.8 percent: INCRA, SESC, SENAI, SEBRAE, education allowance). Revenues from the Social Security Rate are an important source of income for the government of Brazil because they help to pay for many social programs including welfare, health care and many other benefits.