New INSS calculation: check the values ​​and changes for 2020

The new INSS calculation begins to take effect in March 2020 and brings changes to the rates and salary ranges. Stay in. The new INSS calculation was released in January 2020 and brought news to taxpayers. The main change is in the new salary ranges and rates , which will be progressively charged from March 2020. The changes are based on the minimum wage readjustment and the 2019 Social Security Reform. In this article, we summarize what you need to know about the new INSS calculation to take care of the payroll of companies and the contributions of self-employed workers. Keep reading and stay updated . How does the new INSS calculation work? The new INSS calculation was announced by the government on January 14, 2020, through Ordinance No. 914, published in the Official Gazette.

The table was updated with the new calculation

Ranges and contribution rates, following the readjustment in the minimum wage (from R$ 1,039.00 to R$ 1,045.00) and changes in the Social Security Reform. With the correction, the contribution paid monthly by each worker will follow the  Mexico Phone Number Data  following rates and value ranges: 7.5% up to one minimum wage (R$ 1,045) 9% for those earning between BRL 1,045.01 and BRL 2,089.60 12% for those earning between BRL 2,089.61 and BRL 3,134.40 14% for those who earn between BRL 3,134.41 and BRL 6,101.06. Before the readjustment, the ceiling for the first range was R$1,039.00 and the floor for the second was R$1,039.01 — the other ranges remain the same. In the public sector, the rate can reach 22%. The changes will take effect from March 2020 onwards for employees, domestic workers and casual workers.

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The previous rates are still valid for those earning

Those earning between BRL and BRL  for those earning between BRL 3,050.53 and BRL 6,101.06. What changes with the new INSS calculation? The main change in the new INSS calculation, in addition to the readjustment according to the minimum. In conclusion, Wage is the implementation of the progressive rates provided for in the Social Security Reform. This means that fees will only be charged on the portion of the salary that fits into each range. Making the percentage deducted from the  B2C Lead  total earnings different. That is: the effective rate applied to the salary of each worker for retirement will change. The objective is to make the collection fairer : those who earn less will contribute less to the INSS, and those who earn more will contribute more. For example, a worker earning plus 9% on the BRL 655 that exceeds this amount.

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