Brazil to extend tax breaks as growth, elections eyed


SAO PAULO (Reuters) - Brazil will extend payroll tax breaks to 14 new sectors starting in 2014, the latest in an offensive by President Dilma Rousseff's government to keep businesses hiring and strengthen her re-election chances next year.

In a decree published late on Thursday, the government said it will eliminate payroll taxes for construction, engineering, railway and sea transportation companies. Instead those companies will pay between 1 percent and 2 percent of their gross revenue.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Venezuela opposition backs Gonzalez as presidential candidate
Restaurants are putting digital detox on the menu with smartphone-free dining
Ecuador president declares state of emergency over energy crisis
To stand out in the job market, get to grips with ChatGPT
U.S. stocks end mixed as fear index rises
Number of active drilling rigs in U.S. up this week
Huge blast at military base used by Iraqi Popular Mobilization Forces, army sources say
Three injured after chemical plant fire in U.S. Houston
North Korea conducts cruise missile warhead test on Friday, KCNA says
Feature: Sudanese fall back on primitive means to maintain livelihood amid war

Others Also Read