---
title: Brazil’s tax increase on financial institutions expected by October 1st
description: The social contribution tax for financial institutions is expected to increase from 15% to 20% until 2019 in order to raise funds to balance the federal budget.
---

[News | BLITA International ](https://www.blita.com/news)

# [Brazil’s tax increase on financial institutions expected by October 1st](https://www.blita.com/news/brazils-tax-increase-on-financial-institutions-expected-by-october-1st)

 Written by [BLITA International](https://www.blita.com/news/author/blita-international) | Sep 23, 2015 8:20:00 PM

The social contribution tax for financial institutions is expected to increase from 15% to 20% until 2019 in order to raise funds to balance the federal budget.

[Read Full Article](https://www.step.org/news/brazils-tax-increase-financial-institutions-expected-october-1)

[View full post](https://www.blita.com/news/brazils-tax-increase-on-financial-institutions-expected-by-october-1st)

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