A few hours after the publication, Ministry of Finance retreated and announced that, ‘after dialogue and technical evaluation’, the zero IOF tax rate for Brazilian background investments abroad was re -established
After the recent elevation of the in exchange and credit transactions, last Thursday (22), the government of decided to make adjustments in two aspects of the measure. To discuss these changes, ministers gathered at the Planalto Palace, and a new decree will be published in an extra edition of the Federal Official Gazette. The Ministry of Finance announced that IOF’s zero tax rate on Brazilian fund investments in abroad will be restored. The previous proposal, which set a 3.5% rate for these applications, generated controversy in the financial sector, leading to the need for review.
Another important modification clarifies that the remittances of Brazilians abroad, intended for investments, will maintain the current rate of 1.1%. The government realized that there was misinformation on this issue and reaffirmed that it did not intend to increase tax to those who send money to buy properties abroad.
These changes in the decree should impact the collection, reducing it by R $ 1 billion to R $ 2 billion, compared to the initial forecast of R $ 20.5 billion for the year 2025. Entrepreneurs expressed discontent with the increase in IOF, and government members are concerned about the possibility of opposition to use this situation to wear out the image of the Lula administration.
The Ministry of Finance informs that, after dialogue and technical evaluation, the wording of item III of art. 15-B of Decree No. 6,306, of December 14, 2007, which provided for IOF’s zero aliquot on the application of domestic fund investments abroad.
– Ministry of Finance (@minfazenda)
*Report produced with the aid of AI
