The Finance Minister of Brazil declared that the government has announced to cut some tax on foreign loans and from the Tax on Financial Transactions (IOF) on 4 June of 2014 and introduced a new Decree No. 8263The 6% IOF will no longer applicable on short-term loans which will mature between 180 days and 360 days. This will help small banks and companies of Brazil to increase capital flow and control overseas credit.
Related Posts
Brazil mandates national e-invoicing for Simples Nacional businesses from November 2026
August 17, 2026
Brazil’s tax authority, the Federal Revenue Service (RFB), announced on 14 August 2026 that it is introducing a new
Read More
Brazil plans to end cash-basis tax calculations for Simples Nacional from 2027
August 17, 2026
Brazil’s National Simplified Tax System Management Committee (CGSN) approved new changes to the regulations of the
Read More
Brazil: RFB issues procedures for withholding income tax on profits, dividends
August 07, 2026
Brazil’s tax authority, the Federal Revenue Service (RFB), announced that it enacted Law No. 15,270 of 26 November
Read More Brazil bars in-person issuance of individual income tax return copies
August 04, 2026
The Brazilian Federal Revenue Service (RFB) announced the publication of Ordinance RFB No. 713, dated 30 July 2026,
Read More Brazil: RFB, CGIBS set mandatory issuance schedule for tax documents under Consumption Tax Reform
August 03, 2026
The Brazilian Federal Revenue Service (RFB) and the CGIBS have announced on 31 July 2026 that the approval of Joint Act
Read More Brazil to ease mandatory tax information requirements in electronic fiscal documents
August 03, 2026
Brazil's Federal Revenue Service (Receita Federal) and the IBS Management Committee (CGIBS) will suspend the mandatory
Read More