The governments released a Decree no. 8,26314 on June 2014, for the purpose  to assigns new maturity term for cross-border transaction. Financial transactions tax on cross-border loans to be allocated at 0% rate which was previously 6% IOF rate. This will have an effect on the conversion to foreign currency into Reais, if maturity term is less than 360 (new maturity term is 180 days.)
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