IOF tax was discussed at President Lula's table, Brazil's finance minister tells O Globo

Globo

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The Ministry of Fazenda announced an increase in tax on financial transactions The government of President Luiz Inácio Lula da Silva announced on Friday a series of changes that raise the Tax on Financial Operations (IOF). Among the changes, it is the cost of a higher tax on credit to companies, exchange transactions and new rates for international purchase cards. Initially, the government is planning to raise R$ 20 billion in this year with the…

CNN Brasil

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Former Directors of the Central Bank (BC) told CNN that the changes implemented by the federal government in the Financial Operations Tax (IOF) in the last week should freeze the country's credit market and count on Selic, the basic interest rate of the Brazilian economy. With the changes implemented, legal persons (PJs) are going to pay more IOF in loans. The deficit for companies rose from 1.88% per year to 3.95% per year. In National Simples,…

Folha de S.Paulo

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With the level made by the Lula (PT) government of the IOF incident rate on opera is c binio made by fintechs such as Wise and Nomad and the cost in purchases made with card is, an alternative survives for those who don't want to pay a rate of 3.5%: encryption money. Read more (05/25/2025