Annually the social security (called INSS) table which is withheld over salaries’ payment is revised by the Government.
In general this adjustment happens on each January of the year. In 2023 this revision was published on 01/11/2023.
The new social security table for 2022 is as follow:
| Salary basis | Rate |
| Until 1,302.00 | 7,50% |
| From 1,302.01 to 2,571.29 | 9% |
| From 2,571.30 to 3,856.94 | 12% |
| From 3,856.95 to 7,507.49 | 14% |
The limit of social security to be withheld is BRL877.24.
What happen to the salaries due to this revision?
Roughly we can say that the lower salaries would pay less social security to the Government. An example of this change:
In 2022
Salary BRL3,000.00
Social security (INSS) withheld BRL269.00
In 2023
Salary BRL3,000.00
Social security (INSS) withheld BRL263.33
What about for higher salaries?
In case of higher salaries that surpass more than R$7k per month would pay a little more. Instead of paying BRL828,38 to social security, it will be BRL877.24 for 2023. An example of this change:
In 2022
Salary BRL15,000.00
Social security (INSS) withheld BRL828.38
In 2023
Salary BRL15,000.00
Social security (INSS) withheld BRL877.24
What about the income tax table?
The income tax table keeps the same. This table has not been adjusted since 2015.
Please we would like to inform that we had adjusted all the payroll’s calculation based on this new social security table and no further action is needed at your end on this matter.
Please contact us if you have any other questions or need further clarification.