The Federal Government has changed the IOF rates on credit operations, exchange, and insurance, directly impacting the cost of external and internal financing, international purchases, and pension plans in Brazil.
The new rules, which mostly took effect last Friday, have a revenue-raising focus and, according to the Ministry of Finance’s justification, aim to align the IOF with fiscal and monetary policies, helping to control inflation.
The Tax team at Felsberg Advogados has prepared a comprehensive newsletter explaining, in a clear way, what the changes mean practically and how these alterations can affect operations and transactions carried out by individuals and companies.
Access the content and stay informed here (available only in Portuguese).
