Brazil

Last Update by Katie, 21 Jun 2024

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Exchange Rate

23 Jun 2024

 

Cost of Living

Indicative value for a working adult in a city: Sao Paulo

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (BRL)
McDonalds Set Meal 40
Monthly Train and Bus Tickets 250
3 Bedrooms Rental (City Center) 5,476
3 Bedrooms Rental (Outskirt) 4,051

Current Inflation Rate

3.69%

Wage

Minimum Wages

  • 1,550 BRL per month - São Paulo State
    1,412 BRL per month - Brazil National

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (BRL)
Entry-Level
Fresh Graduate
1,764
Mid-Level
5 Years
2,014
Experienced & Managerial Level
10 Years
6,083
Specialized & Senior-Level
15 Years
9,293

Annual Salary Growth

6.97%

Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
INSS- Social Insurance 27.8% 0-1,320:7.5%
1,320-2571.29:9%
2,571.3 –3,856.94:12%
3,856.95 - 7,507.49:14%
Above 7,507.50:877.22
All staff
FGTS - Endowment and Unemployment Insurance 8% - All staff
Transportation Voucher Total value ofstaff costs via public transportation 6% of Salary All staff who use public transportation to
commute
13th Salary 1 month salary - All staff
Annual Leave 1+1/3 month salary - All staff

Other Benefit

Other common employment benefits in Brazil include:

  • Food voucher: Companies not providing lunch, based on cost of living in the city. In Sao Paulo around 26 BRL per meal
  • Commercial Insurance: Based on a staff member's role, staff 30 years old: 200-300 BRL per month

Income Tax

Residents

  • Tax year: 1st January - 31st December
    Filling due date: 15th March - 31st May

Country Level

Taxable Income Rate
0- 2,112.00 0.00% (Quick Calculation Deduction 0.00)
2,112.01 - 2,826.65 7.50% (Quick Calculation Deduction 158.40)
2,826.66 - 3,751.05 15.00% (Quick Calculation Deduction 370.40)
3,751.06 - 4,664.68 22.50% (Quick Calculation Deduction 651.73)
Above 4,664.68 27.50% (Quick Calculation Deduction 884.96)

Non-residents

  • Taxed the same as residents

Working Hours

Statutory

44 hours
8.8 hours, 5 days a week or 8 hours, 5 days a week + 4 hours on Saturdays

Typical practice

44 hours
Monday- Friday

Overtime

Working hours shall not exceed 10 hours per day

  • Regular Overtime: 1.5 times the normal salary
    During holidays: 2 times normal salary
    Night shift rate for staff working 22:00- 05:00: 20% extra pay
  • Hourly pay: monthly salary over 220 hours
    No overtime payment for managers

Employment Contract

Permanent

Payroll Currency

BRL

Probation

Up to 90 days

Contract Period

No minimum duration

Termination

  • Notice:
    - 1 year service: 30 days
    - Over 1 year service: 3 days for each year, up to 90 days maximum
  • Severance:
    - Garden leave is not permitted, notice is worked and the employer pays normal salary and 1 month’s severance.
    - 1 month’s salary + 40% penalty payable from the employee’s FGTS account

Public Holiday

9 days

Country Level

Date Name
01 Jan New Year's Day
29 Mar Good Friday - Passion of Christ
21 Apr Tiradentes Day
01 May Labour Day
07 Sep Independence Day
12 Oct Our Lady of Aparecida
02 Nov All Souls' Day
15 Nov Republic Day
20 Nov Black Awareness Day
25 Dec Christmas Day

State/Province Level

São Paulo

Date Name
25 Jan Sao Paulo Anniversary
30 May Corpus Christi
09 Jul Constitutionalist Revolution(State Holiday)

Leave

Leave Type Entitlement Notes
Annual Leave 30 Calendar days All staff with 1 year's service
Pregnancy and Maternity Leave 120 days
Extended for a further 6 months for some unions
All Expectant mothers
Sick Leave 15 Calendar days All staff with 12 months' service
Paternity Leave 5 calendar days per year All expectant fathers
Marriage Leave 3 consecutive working Days All staff
Bereavement Leave 2 working days
3 working days
All staff if father or mother-in-law passes away
All staff if spouse/descendant/brother/sister/ person registered in his/her CTPS
Breastfeeding Leave 1 hour during the working day (two 30 minute breaks) Mothers breastfeeding children under 6 months old
Paid Voluntary Blood Donation 1 working day per year All staff
Paid Election Holiday 2 consecutive/ non-consecutive days All staff
Paid Cancer Screening Day 3 working days per year All Staff

Reference

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