Each of the 26 states and the Federal District set their own indirect tax rates, which range between 17% and 19%. Some examples of the ICMS standard rate are as follows:
See Also
$60,000 income tax calculator 2023 - California - salary after taxCitizenship by investment in BrazilTop 10 Indian Companies That Paid Highest Tax in FY 2023Brazil Asset Reporting for US Expats Living Abroad: 10 Facts- São Paulo, Paraná e Minas Gerais: 18%
- Rio de Janeiro: 19%
- Remaining States: 17%
- Rates of IPI range from 0 to 330%, and average around 15%. ISS standard rate ranges from 2% to 5%.
Federal VAT or IPI varies according the goods and levy, but can go as high as 300%. The city Services Tax ISS again have varying rates between 2% and 5%.
PIS and & COFINS over sales could be under two regimes:
- Cumulative method the rates are: PIS 0,65% and COFINS 3,00%;
- Non cumulative the rates are: PIS 1,65% and COFINS 7.6% respectively.
There are many variations to the rates above, including zero rating and exemptions.
