Rate is 3.38%, but would be zeroed by 2028; The economic team expects to raise $ 20.5 billion with tax changes
Brazilians who make purchases abroad with international cards will pay more IOF (Tax on Financial Operations), which will build purchases. The tax in these operations was 3.38% in 2025 and would have a gradual reduction up to 0% in 2028. The Minister of Finance, gave up and left a fixed rate of 3.5%.
The rate will be only 0.1 more percentage point by 2025. But the fact is that these purchases could be even cheaper in the following years – which will no longer materialize.
One of the government’s biggest (PT) popularity wear was in relation to increased import collection of up to $ 50. These products, if bought with travel cards, will become even more expensive.
The measure for the international card is valid for debit, credit and also prepaid modalities. Now set aside, the determination of the government of (PL) in 2022.
The fixed rate determined by Haddad is lower than what was observed in previous years, such as the 4.38% of 2024. But is higher than it would be observed in the following years:
- 2025 – 3,38%;
- 2026 – 2,38%;
- 2027 – 1,38%;
- 2028 – 0%.
Haddad’s measure comes to increase the collection and help close public accounts. The ministry expects them to enter the public coffers in 2025. The Government’s goal is to end the year with zero deficit – the same as expenses.
Understand the changes
Other categories of exchange operation will feel the changes in IOF made by Lula’s economic team. Read a summary below:
➡️ Credit and international debit cards, including prepaids
- as it was – 3.38% in 2025, with gradual reduction up to 0% by 2028;
- as it was – 3,5%.
➡️ Short -term external loan
- as it was – zeroed from 2023, with “short term” being considered 1,080 days;
- as it was – 3.5%, and “short term” becomes 364 days.
➡️ Transfers regarding funds applications abroad
- as it was – ZERADA;
- as it was – 3,5%.
➡️ NOT SPECIFIED OPERATIONS
- as it was – 0,38%;
- as it was – maintained at 0.38% for the entry of money and 3.5% for the exit.
Some categories of exchange operation will remain exempt, such as imports and exports. Read which ones are in the table below:
Reproduction/Ministry of Finance
The decree that establishes the measures for the IOF was published in the Official Gazette This Thursday (22.MAI.2025).
Read the full:
