16 March 2020 – Reduced certain payment contributions required of employers

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Business support
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Ministry of Economy postponed, for three months, the period that companies have to pay Severance Pay Fund (FGTS) and also the part referring to the portion of the Union in Simples Nacional. During this three-month period, contributions due to System S will be reduced by 50%.
Full details here: https://www.gov.br/economia/pt-br/assuntos/noticias/2020/marco/ministerio-da-economia-anuncia-medidas-para-diminuir-o-impacto-do-coronavirus-no-pais