Global

Details

  • Service: Tax, Global Mobility Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 11/13/2013

Brazil - Social insurance contributions, employee benefits 

November 13:  Provisional Measure No. 619/2013 was converted into Law No. 12,873, and published 25 October 2013.

Among the final legislative provisions are measures concerning the social security contribution that is imposed on certain retailers, with a clarification provided for internet retailers.


Another change concerns employee benefits, including maternity leave and child adoption provisions.

Background

In Brazil, a provisional measure (Medida Provisória) is an “act” issued by the president, with the authority of law until later approved by Congress. The provisional measure is effective as from its date of publication for 60 days, and may be extended for an additional 60-day period (for a total of 120 days).


When the Brazilian Congress does not approve a provisional measure within the 120-day period—which does not commonly happen—the provision is no longer effective, and Congress must address the effects of the provisional measure during the period of its effectiveness.


Read a November 2013 report (Portuguese) prepared by the KPMG member firm in Brazil: Tax News: Lei 12873-2013 Principais Alterações




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