Brazil has published Decree No. 9.297 of 1 March 2018 in the Official Gazette. The Decree amends Decree No. 6.306 of 14 December 2007, which regulates the financial transactions tax (IOF), to increase the IOF rate from 0.38% to 1.10% on the transfer of funds from a Brazilian bank account to a foreign bank account held by the same individual or company. The change harmonizes the IOF rate on tra…