Brazil: Extension of increased IOF tax of 6% to debit cards, traveler checks, and cash withdrawal

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Description

On 28 March 2011, the Brazilian government raised the financialoperations tax, also known as the IOF, on credit card purchases byBrazilians made abroad (this includesinternet commerce). The tax rate,...

Intervention Details

Intervention Type

Internal taxation of imports

MAST Chapter

F: Price-control measures, including additional taxes and charges

Implementation date

28 Apr 2011

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

Eligible firms

all

Affected Trading Partners

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Affected Sectors

Affected Products

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