Announcement
19 Nov 2011
In November 2011, the government of Brazil announced a rule change for commercial cross-border financial flows.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
19 Nov 2011
Revocation date:
18 Dec 2013
Updated: 19 Nov 2011
Controls on commercial transactions and investment instruments
On 19 November 2011, the Brazilian Ministry of Finance raised afinancial operations tax, also known as the IOF, of 1.5% on the issuanceof overseas depositary receipts (DR) linked to Brazilian companie...
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