Brazil SMEs Defensive: 79% Undecided on Tax Regime Migration as Selic Stays at 14%

A survey by Omie shows Brazilian SMEs are adopting a defensive stance: 54% expect negative macroeconomic impact over the next six months, and 79% of those eligible have not defined migration to the Hybrid Regime ahead of the Tax Reform deadline. High interest rates (Selic at 14%) and regulatory uncertainty are driving caution, which could weigh on investment and growth in the SME sector.