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Description
On May 2, 2016, Decree 8,731 was published on the Official Gazette of Brazil increasing to 1.10% the applicable IOF to the purchase of foreign currency. The previous applicable IOF tax was set at 0.38...
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Intervention Details
Intervention Type
Controls on commercial transactions and investment instruments
MAST Chapter
Capital control measures
Implementation date
02 May 2016
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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Threads
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