Brazil: Changes to the IOF rates and durations for short term foreign loans

Announcement

04 Jun 2014

In June 2014, the government of Brazil announced altered domestic business conditions for foreign investors.

Source

Number of interventions

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

04 Jun 2014

Revocation date:

No revocation date

Updated: 04 Jun 2014

FDI: Treatment and operations, nes In force

On 4 June 2014, the Brazilian President issued Decree No. 8.263, shortening the minimum term for foreign loans subject to the 6% Tax of Financial Operations (IOF) to 180 days. Previously, this rate ap...

Related State Acts

02 May 2016

Brazil: Changes to the IOF tax regime

20 Jan 2015

Brazil: IOF increased on credit transactions

28 Dec 2013

Brazil: IOF tax increased on financial transactions

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