In brief

On 31 December 2021, the President of the Republic sanctioned by Law no. 14,288/2021 a payroll tax exemption system, which is already in effect now until the end of 2023. This is related to "Social Security Contributions upon Gross Revenues - CPRB" regulated by Law n. 12,546/2011.

The rule, now approved, allows an annual option for the substitution of social security contributions upon payroll (20%) for said CPRB.

In practical terms, the exemption from the payroll of 17 sectors of the economy has been extended until December 2023. These companies have more than 6 million employees who are expected to keep their jobs.

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