ANNOUNCEMENT 01 Dec 2011

In December 2011, the government of Brazil announced altered domestic business conditions for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
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On 1 December 2011, Brazil repealed the tax on financial transactions for certain types of foreign investments.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 SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A