Once again, the Brazilian government has changed the Financial Transactions Tax ("IOF") tax rates levied on foreign currency exchange transactions related to certain investments made by non-residents in the Brazilian financial and capital markets. The changes, introduced by Decree 7632, are effective December 1, 2011.
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New "IOF" Tax Rates on Certain Foreign Currency Exchange Transactions
Latin American Tax Newsalert archive
Contacts
- Tim Anson
- International tax services co-leader
- Tel: +1 (202) 414 1664
- Rob DeGaudenzi
- International Tax Desk leader
- Tel: +1 (646) 471 0645
