Brazil reduces IOF tax rate to zero on certain cross-border investments

June 2013


The Brazilian government has published legislation reducing the IOF tax rate – a tax on financial operations – from six percent to zero, effective June 5. This rate change affects the IOF tax on funds entering Brazil for investing in fixed-income assets.

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