ICT sector positions itself on social security repayment

ABES, Assespro, Brasscom and Fenainfo release manifesto

ABES, together with Assespro, Brasscom and Fenainfo, released a manifesto, in which they position themselves in relation to the repayment of the social security contribution.
 
According to the document, the replacement of the 4.5% rate on gross revenue for a 20% tax on payroll represents a cost shock on companies that will hardly be absorbed by the market.
 
“The recently announced pension repayment is a severe blow to one of the most transversal sectors in the economy, a driver of innovation and productivity, a critical factor for the recovery of Brazil's competitiveness”, says the document, which can be accessed here.