Announcement
28 Dec 2013
The Government of Brazil increased the tax rate on financial transactions made by Brazilians abroad.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
27 Dec 2013
Revocation date:
No revocation date
Updated: 28 Dec 2013
Control on personal transactions
In force
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 withdra...
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