Federation that represents banks expressed concerns about the impacts of the measure on credit cost; There are expected meetings with the National Congress to address the subject
The federal government faces criticism after announcing the increase in the financial operations tax (IOF), which aims to reinforce the collection of R $ 20.5 billion in 2025 and R $ 41 billion in 2026. The Brazilian Federation of Banks (Febraban) expressed concerns about the impacts of the measure on credit cost, especially for micro, small and medium enterprises.
At a press conference, Febraban president Isaac Sidney stressed that the increase in IOF could raise the effective cost of credit operations by up to 8 percentage points, with variations between 14.5% and 40% per year. The entity emphasized that while recognizing the need for balance in public finances, this objective should not be achieved by increasing taxes, suggesting that the measures adopted are reviewed.
The executive secretary of the Ministry of Finance, Dario Durigan, said the folder is open to dialogue and willing to make the necessary adjustments. He mentioned that the presentation of Febraban will be considered in the discussions and that there are expected meetings with the National Congress to address the subject. Durigan also assured that the execution of parliamentary amendments will continue as expected in the budget.
The measure generated reactions in the National Congress, with parliamentarians firing 20 legislative proposals to suspend the increase in IOF. Discussions between the government, congress and the financial sector continue, with the objective of finding solutions that reconcile the need for collection with the maintenance of access to credit and stimulating the economy.
