Brazil has published Provisional Measure No. 1.034 of 1 March 2021, which sets the social contribution on profits (CSLL) rates as follows, including an increase for certain financial institutions:
Note, the CSLL rate was previously increased to 20% for banks of any kind from 1 March 2020.
The CSLL rate changes provided by Provisional Measure No. 1.034 enter into force on 1 July 2021. However, as a Provisional Measure, it must be extended or converted into law within 60 days to remain in force.