Anfip proposes new funding models for Brazil's Social Security

The National Association of Tax Auditors of the Federal Revenue of Brazil (Anfip) is advocating for structural changes to fund the country's Social Security system to address population aging. Rather than increasing the minimum retirement age or raising contribution rates for workers, Anfip suggests expanding revenue through the revision of tax exemptions and the taxation of new forms of work, particularly those mediated by digital platforms.

According to data from the 'Análise da Seguridade Social' publication, Social Security Budget revenues reached R$ 1.44 trillion in 2025, an 8% increase from the previous year, while expenses totaled R$ 1.69 trillion. When accounting for tax exemptions on social contributions, total revenues reached R$ 1.73 trillion, resulting in a positive balance of R$ 42.5 billion. However, the report notes that tax exemptions related to Social Security revenues amounted to R$ 288.1 billion in 2025.