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Selic stays at 15 %: Brazil’s central bank extends ‘very prolonged’ pause

Selic stays at 15 %: Brazil’s central bank extends ‘very prolonged’ pause

Copom left the Selic at 15 % on 5 November and signalled confidence that an extended pause will tame inflation. Persistently high borrowing costs keep housing and consumer finance expensive for expatriates and prolong pressure on mobility and project budgets. Analysts now push potential rate-cut timing into 2026, suggesting companies plan for another year of double-digit interest rates.

Nov 6, 2025
Brazil lifts income-tax threshold and adds 10% tax on outbound dividends

Brazil lifts income-tax threshold and adds 10% tax on outbound dividends

The Senate passed a bill on 5 November raising the income-tax exemption to R$5,000 and introducing a 10 % withholding tax on outbound dividends over R$50,000. The measure lowers payroll tax for millions but recoups revenue from high earners and cross-border profit flows, directly affecting expatriates and multinational payroll planning. Companies must reassess gross-ups and dividend timings before the rules take effect on 1 January 2026.

Nov 6, 2025

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