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Brazilian Government introduces changes to regulations dealing with taxation of financial operations

|Tax Alerts, Legislation & Policy, Na ...|Brazil
Brazil

  • On 22 May 2025, the Brazilian Federal Government published Decree 12.466/2025, significantly increasing tax rates on credit transactions (IOF-credit) and certain foreign exchange transactions (IOF-FX), effective from 23 May 2025.
  • Entities engaged in credit and foreign exchange transactions should reassess their financial strategies and operations to accommodate the increased tax burdens introduced …

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