Clipping of news on Brazilian Culture, Law and Citizenship
03/09/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The payment schedule will continue until Sept. 10 and will not be collecting income tax
SAO PAULO - The National Institute of Social Security (INSS) get paid on Monday (3) the first installment of the Christmas bonus to policyholders who receive more than minimum wage (R$ 622).
The payment schedule will continue until Sept. 10. No income tax is charged on this anticipation. The tax will be deducted from the second installment to be paid in November.
The anticipation of the thirteenth benefit more than 25 million retirees and must inject approximately R$ 11.2 billion into the economy, according to data from the Ministry of Social Welfare.
Source: Infomoney
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This article was translated by an automatic translation system, and was therefore not reviewed by people.