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Description
On January 20, 2015, the Congress of Brazil passed Decree 8,392 increasing the IOF levied on credit transactions (loans and factoring) carried out by individuals from 1.5% to 3% per year. IOF TAX The ...
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Intervention Details
Intervention Type
Control on personal transactions
MAST Chapter
Capital control measures
Implementation date
21 Jan 2015
Revocation date
No revocation date
Implementation level
National
Affected flow
Inward
Announced as temporary
No
Eligible firms
all
Affected Trading Partners
Table
Affected Sectors
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Affected Products
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