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: 28 Apr 2011 | Removal date: open ended
Still in force

Internal taxation of imports

On 28 March 2011, the Brazilian government raised the financialoperations tax, also known as the IOF, on credit card purchases byBrazilians made abroad (this includesinternet commerce). The tax rate, was raised from 2.38% to 6.38%. The measure took effect from 28 April 2011 on.
 

AFFECTED COUNTRIES

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