ANNOUNCEMENT 29 Feb 2012In February 2012, the government of Brazil announced altered domestic business conditions for foreign investors.
NUMBER OF INTERVENTIONS
Presidential Decree 7683: https://www.planalto.gov.br/ccivil_03/_ato2011-2014/2012/decreto/d7683.htm
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.