New "IOF" Tax Rates on Certain Foreign Currency Exchange Transactions

December 2011


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.

Contact us

Tim Anson
ITS Co-leader
Tel: +1 (202) 414 1664

Rob DeGaudenzi
ITS Partner - NY Metro Market
Tel: +1 (646) 471 0645

Follow us