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Global Trade Alert

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Brazil: Changes to the IOF rates and durations for short term foreign loans

Description

On 4 June 2014, the Brazilian President issued Decree No. 8.263, shortening the minimum term for foreign loans subject to the 6% Tax of Financial Operations (IOF) to 180 days. Previously, this rate ap...

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Intervention Details

Intervention Type

FDI: Treatment and operations, nes

MAST Chapter

FDI measures

Implementation date

04 Jun 2014

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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