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Brazil Business Report

General information
Source: The World Factbook - Central Intelligence Agency
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Population
207,353,391 (July 2017 est.)
GDP (PPP)
$3.219 trillion (2017 est.)

Largest economy in South America

GDP growth rate
0.7% (2017 est.)

Low but recovering from a deep recession in 2015 and 2016

GDP (PPP) per capita
$15,500 (2017 est.)

Low

Local currency
Brazilian Real (BRL)

Weak currency dependent on commodity prices, it is recovering after a devaluation in the past 3 years

Financial stability (Public debt)
78.4% of GDP (2017 est.)

High, especially considering the sharp increase in recent years (it was 50% in 2012)

Inflation
3.7% (2017 est.)

Medium, stabilizing from high levels in 2016 (8.7%)

Language
Portuguese

Depending on the area, Spanish, Italian, German and English are spoken

Corruption perception index (Source: Transparency International)
96/180

High level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT

Indirect taxes are very complex and comprise three levels of taxation: Excise tax (IPI): federal level VAT (ICMS): state level Service tax (ISS): municipal level
Corporate Tax

15% corporate income tax (IRPJ) 10% surcharge is levied on the the profits exceeding 240,000 BRL (about 60,000 EUR) 9% social contribution on net income (CSLL)
Duties

Usually 10% to 20% (max 35%) on the import of goods in Brazil (the rates vary according to the product’s tariff code based on Mercosur Harmonised System (NCM/SH))

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