SAO PAULO Dec 15 Cielo SA could see profit
slightly suffering with a Brazilian Congress decision to raise
social security taxes on certain segments that will take effect
at the start of 2018, Chief Executive Officer Clovis Pogetti
said on Thursday.
Analyst estimates pointing that every 1 percentage-point
increase in the tax rate for the ISS levy could slash between 1
percent to 2 percent of Cielo's annual profit "make sense,"
Pogetti and other executives said at an annual investor meeting.
Cielo is Brazil's largest card payment processor.
(Reporting by Aluísio Alves; Writing by Guillermo Parra-Bernal)