IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Dec 2011 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On 1 December 2011, Brazil repealed the tax on financial transactions for certain types of foreign investments. Among others, the following transactions are no longer subject to taxes: 

  • transfers of funds from abroad to be held in equities on the stock exchange, or futures and commodities exchanges, as regulated by the National Monetary Council - CMN (except for operations with derivatives resulting in predetermined income);
  • inflow of resources to acquire shares in initial public offerings, provided that the issuing companies are registered for trading of shares on stock exchanges.

AFFECTED COUNTRIES

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