Archive for the ‘Inheritance Tax’ Category

Eleven states raise inheritance and donation taxes

December 23, 2015
Gustavo Querotti e Silva

Gustavo Querotti e Silva

To raise revenues, at least 11 states changed rates on the Inheritance and Donation Tax (ITCMD). Starting next year, the rates become progressive in most states until the legislated cap of 8%. The rate usually hovers around a fixed 4% today.

The new rates go into effect on January 1st in the Federal District and the states of Goiás, Ceará, Maranhão, Paraíba, Pernambuco, Rio Grande do Sul, Rio Grande do Norte, Sergipe and Tocantins. Only three of them already apply progressive rates. (more…)