Global Trade Alert
Global Trade Alert

Brazil: Extension of tax on overseas loans

Announcement

29 Feb 2012

In February 2012, the government of Brazil announced altered domestic business conditions for foreign investors.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

29 Feb 2012

Revocation date:

No revocation date

Announced: 29 Feb 2012
FDI: Treatment and operations, nes In force
On 29 February 2012, Brazil extended a 6% financial transactions tax on overseas loans maturing within three years. Hitherto, the tax was only levied on loans with maturities of less than two years.
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