Lula raises income tax exemption threshold for a second time in as many years

President Luiz Inácio Lula da Silva on Tuesday issued a provisional decree raising the monthly income tax threshold from BRL 2,640 to 2,824 (USD 532 to 569), the equivalent of twice the minimum wage. Lula adjusted the threshold for the second time in as many years. Previously, it remained unchanged since 2015, effectively raising tax
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