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: 04 Jun 2014 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On 4 June 2014, the Brazilian President issued Decree No. 8.263, shortening the minimum term for foreign loans subject to the 6% Tax of Financial Operations (IOF) to 180 days. Previously, this rate applied to loans with a maturity of 360 days or less.
 
As of 4 June 2014, foreign loans with a maturity of more than 180 days will be freed from paying the IOF. 

AFFECTED COUNTRIES

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