> For the complete documentation index, see [llms.txt](https://www.opensourcelaw.com.br/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.opensourcelaw.com.br/en/legislation/12.-law-no.-8-981-1995.md).

# 12. Law No. 8,981/1995

## Rates:

* 15% (fifteen percent) on the portion of the gains that does not exceed R$ 5,000,000.00 (five million reais);
* 17.5% (seventeen point five percent) on the portion of the gains that exceeds R$ 5,000,000.00 (five million reais) and does not exceed R$ 10,000,000.00 (ten million reais);
* 20% (twenty percent) on the portion of the gains that exceeds R$ 10,000,000.00 (ten million reais) and does not exceed R$ 30,000,000.00 (thirty million reais); and
* 22.5% (twenty-two point five percent) on the portion of the gains that exceeds R$ 30,000,000.00 (thirty million reais).

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Income Tax must be paid by the last business day of the month following the receipt of the gains.
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