Announcement
20 Jan 2015
The Brazilian Government increased the IOF levied on credit transactions (loans and factoring) carried out by individuals.
Source
Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
1 in force
Implementation date
21 Jan 2015
Revocation date:
No revocation date
On January 20, 2015, the Congress of Brazil passed Decree 8,392 increasing the IOF levied on credit transactions (loans and factoring) carried out by individuals from 1.5% to 3% per year. IOF TAX The ...
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