Find out how Iof is after Moraes’s decision

The minister’s recent decision, brought back almost all the rates of what had been changed. This change represents the fourth change in rates in a period of approximately two months. The rates that were in force until June 25 were reinstated, except for the risk. The government projects a loss of collection of R $ 450 million for this year and R $ 3.5 billion for 2026. New rates directly impact exchange operations and loans to companies. In addition, taxpayers who have annual income over R $ 1.2 million will be taxed on transfers to VGBL private pension, which represents a significant change in investment taxation.

With regard to international travel, IOF has been unified for exchange operations, which is now 3.5% for transactions with international cards, currency purchase and external loans. Previously, the rates varied, with rates of 1.1% to purchase currency in kind and 3.38% for other transactions. The exemption remains for the return of direct foreign investments. Credit conditions for companies have also been changed. The ceiling for credit operations went from 1.88% per year to 3.38% for companies in general, while Simples Nacional companies now face a rate of 1.95%, compared to the previous 0.88%. The rate on the purchase of primary fidc quotas was adjusted to 0.38%.

Regarding VGBL type pension, the rate that was previously zero for monthly contributions now provides exemption only for contributions of up to R $ 300 thousand per year by 2025. For higher values, a rate of 5%will be applied, which may significantly impact investors. In addition to these changes, a provisional measure that aims to increase other taxes, including the contribution of bets and fintechs, is already in force. If approved, the bet rate may rise from 12% to 18%, while the fintechs can go from 9% to 15%. Increased income tax for the richest will only be implemented by 2026 if the measure is approved.

*Report produced with the aid of AI