Going for global growth? Here’s what you need to know about payroll if your business is expanding into Brazil. In Brazil, payroll regulations can change frequently and are expected to be implemented rapidly. The challenge is to ensure your payroll is compliant with them. Getting your payroll compliance right means a happy, engaged and motivated workforce. Getting it wrong can result in financial penalties, investigation by local authorities and reputational damage.
The payroll and HR regulations in most developed nations are similar. It tends to be the ‘exceptions’ in each country that can be problematic. In Brazil, these differences include unions for almost every sector, the presence of 28,000 different collective labour agreements and nearing 900 payroll regulation changes each year.
Disclaimer: This content is based on generally accepted HR practices, is advisory in nature, and does not constitute legal advice or other professional services. ADP does not warrant or guarantee the accuracy, reliability, and completeness of the content. Employers are encouraged to consult with legal counsel for advice regarding their organization's compliance with applicable laws. This content is current as of the published date.
