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Description
On December 17, 2013, Brazil's Ministry of Finance raised the IOF tax rate on financial transactions made by Brazilians abroad from 0.38% to 6.38%. The tax applies to traveller checks, cash withdrawal...
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Intervention Details
Intervention Type
Control on personal transactions
MAST Chapter
Capital control measures
Implementation date
27 Dec 2013
Revocation date
No revocation date
Implementation level
National
Affected flow
Outward
Announced as temporary
No
Eligible firms
all
Affected Trading Partners
Table
Affected Sectors
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Affected Products
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