ANNOUNCEMENT 29 Feb 2012

In February 2012, the government of Brazil announced altered domestic business conditions for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Presidential Decree 7683: https://www.planalto.gov.br/ccivil_03/_ato2011-2014/2012/decreto/d7683.htm


Inception date: 29 Feb 2012 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On 29 February 2012, Brazil extended a 6% financial transactions tax on overseas loans maturing within three years. Hitherto, the tax was only levied on loans with maturities of less than two years.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A