Line-Item Descriptions in Brazil

Invoice charges, explained.

Updated on November 15th, 2022

Can you provide more information about each charge I see on an invoice?

Below you will find the different line items you will see on an invoice, with a corresponding description. If you have further questions, please submit a ticket using the Help widget at the bottom of the page.

13th Month Accrual. Estimated amount accrued monthly to cover an employer's expenses related to a supported employee’s 13th month payout.

13th Salary Social Security Accrual. Estimated amount accrued monthly to cover an employer's expenses related to the general social security due on a supported employee’s 13th month payout.

13th Salary FGTS Accrual. Estimated amount accrued monthly to cover an employer's expenses related to the Fundo de Garantia do Tempo e Serviço (FGTS, a pension/severance fund) costs due on an employee’s 13th month payout.

13th Salary Insurance Accrual. Estimated amount accrued monthly to cover an employer's expenses related to unemployment insurance. Unemployment insurance is only accrued on a supported employee’s 13th month and vacation payments.

Allowances. Payment of an allowance. Examples of this are car, cell phone, or fitness allowances.

Bonus. Additional remuneration added to a supported employee's payment.

Commissions. Additional remuneration added to a supported employee’s payment due to sales generation.

Compensation. The amount of money a supported employee receives in exchange for their services.

Meal Vouchers. By law, workers must be provided with meal vouchers or receive a food allowance.

Employee Expense. Payment of an expense.

Employer Pension Contribution. Employer contribution to a supported employee’s pension.

Employer Social Contributions (INSS). Employer contribution to general social security fund.

Insurance Premium. Premium for a private insurance plan through Velocity Global.

Life Insurance Contribution. Employer contribution to mandatory life insurance benefit.

Municipal Tax (ISS). The Service Tax (ISS) is a municipal tax levied on the provision of services by companies.

Municipal Tax (ISS) (On Meal Vouchers only). Municipal tax charged on the value of meal vouchers.

Vacation Accrual. Estimated amount accrued monthly to cover employer's expenses related to a supported employee’s vacation payout (ER Burden).

Vacation Social Security Accrual. Social security taxes on the vacation accrual amount.

Vacation FGTS Accrual. Fundo de Garantia do Tempo e Serviço (FGTS) dues charged on vacation accrual amount.

Vacation (Provision Ferias) Insurance Accrual. Unemployment insurance accrual on vacation accrual amount. Unemployment insurance is only accrued on a supported employee’s 13th month and vacation payments.

Vacation Payout. The amount paid to a supported employee when taking vacation. 

Velocity Global PEO Fee. Velocity Global’s fee.

Wire Transfer Fee. Payment for the cost of a wire transfer.