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Brazil President Lula Sanctions Compromise Bill, Phasing Out Payroll Tax Relief for 17 Key Sectors

President Lula signed Law No. 14,973/2024, ending a fiscal standoff and confirming a gradual four-year re-taxation of the payroll for sectors like construction and IT.

By Eleanor Shaw

Published
Brazil President Lula Sanctions Compromise Bill, Phasing Out Payroll Tax Relief for 17 Key Sectors
Source: Arquivo ABr / Wikimedia Commons (CC BY 3.0 br)

President Lula signed Law No. 14,973/2024, ending a fiscal standoff and confirming a gradual four-year re-taxation of the payroll for sectors like construction and IT.

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