Announcement
20 Jan 2015
The Brazilian Government increased the IOF levied on credit transactions (loans and factoring) carried out by individuals.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
21 Jan 2015
Revocation date:
No revocation date
Announced: 20 Jan 2015
Control on personal transactions
In force
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
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Related State Acts
Announced: 02 May 2016
Brazil: Changes to the IOF tax regime
Announced: 04 Jun 2014
Brazil: Changes to the IOF rates and durations for short term foreign loans
Announced: 28 Dec 2013
Brazil: IOF tax increased on financial transactions
Announced: 01 Apr 2013
Brazil: IOF tax reduction on investments in capital goods, infrastructure, and technology
Announced: 19 Nov 2011
Brazil: Increase of IOF tax on overseas depositary receipts
Announced: 28 Mar 2011
Brazil: Extension of increased IOF tax of 6% to debit cards, traveler checks, and cash withdrawal
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