Shortly before midnight, clients from digital exchange platforms and global benches have received a series of notifications encouraging the purchase of foreign currency.
The messages sent to customers announced that the last moments to enjoy the IOF by 1.1%.
From midnight this Friday (23), by, the tax on financial operations will rise to 3.5%. The measure was announced on Thursday (22).
In a notification to its customers around 11 pm, Wise says: “Convert before midnight and pay 1.1% of IOF. New value of 3.5%, approved by the government, comes into force after this time.”
The Broker Broker Avenue interrupted the exchange trading service at an extended time and sent an email to customers saying surprised by the measure of increasing IOF.
The broker says this sudden movement is a “reminder of what we call the risk-Brazil”, which directly affects the assets of those who invest exclusively in the local market. “
There are also reports of the suspension of the exchange conversion service outside of market hours for C6 Bank users.
This service is usually available at any time, but was suspended on Thursday. There is no confirmation that the service stoppage was motivated by changing the IOF tax rate.
The IOF for international operations will rise to 3.5% in operations with international cards, foreign shipments, short -term external loans, and financial investments abroad.
The rules also change to private pension plans and some corporate credit operations in Brazil.
The measure is part of a government effort to increase the collection and meet the zero deficit target by 2025. In all, R $ 31.6 billion were also frozen from this year’s budget.
