Beneficiaries of the National Institute of Social Security (INSS) earning above the minimum wage will see adjustments to their payments starting January 2025.
These changes are based on the National Consumer Price Index (INPC), which measures inflation over the past 12 months.
As of November 2024, the INPC accumulated 4.84%, with the final figure to be confirmed on January 10, 2025.
Revised Payment Values
- Beneficiaries earning up to one minimum wage will see a 7.5% increase, raising the amount to R$1,518.
- Those earning above the minimum wage will receive an adjustment estimated at 4.84%, subject to confirmation on January 10, 2025.
Brazil: Retirement, see what they are and who gets the benefithttps://t.co/mtGRvp68SE pic.twitter.com/qiPERAdEpk
โ Ronaldo dos Reis Pires (@Rona41Pires) January 3, 2025
Payment Schedule
- Up to one minimum wage: Payments from January 27 to February 7, 2025.
- Above one minimum wage: Payments from February 3 to February 7, 2025.
How to Check Adjustments
Beneficiaries can access updated payment details through the following:
- INSS Helpline (135): Available Monday to Saturday, 7 a.m. to 10 p.m.
- Meu INSS Portal: Log in at meu.inss.gov.br and select โPayment Statement.โ
- Meu INSS App: Download for Android or iOS for on-the-go access.
Brazil: See who will receive INSS arrears in 2025https://t.co/Ue0mOgd0nJ pic.twitter.com/V0p5r00h1w
โ Ronaldo dos Reis Pires (@Rona41Pires) January 5, 2025
Tax Reforms in Brazil for 2025
Brazil introduced significant tax reforms to promote simplicity and fairness.
Key changes include:
- Unified Goods and Services Tax (IBS): Replaces multiple state and municipal taxes, reducing administrative complexity and compliance burdens.
- Progressive Income Tax Rates: High-income earners now face rates of up to 35%, ensuring a fairer distribution of tax responsibilities.
- Preserved Exemptions: Low-income individuals remain exempt, safeguarding economic equity for vulnerable groups.
- Digital Services Tax: Targets multinational tech companies benefiting from Brazil’s expanding e-commerce and digital sectors, creating a new revenue stream.
Source: valorinveste.globo.com
