The Government Is Pushing for a Key Reform of the Capital Market that Includes Collecting Earnings From the Sale of Cedears
6 Articles
6 Articles
The change would reach certificates acquired since 31 October; the project also modifies the treatment of certain funds and enables the negotiation of fixed deadlines and outstanding collections of cards
It will reach the CEDEARs, which are certificates representing shares of international firms listed on Wall Street. Officialism included it in the capital market reform law that it presented today in Congress.Sales are now exempt, but returns pay the tribute.
The government had included in the capital market reform a 15% tax on CEDEARs' sales earnings, but decided to withdraw the article after the impact of the measure. Read more
The measure would reach the certificates acquired from October 31, 2026 and could impact the profitability of the investors. The project was presented this Tuesday, but from the Ministry of Economy they say that the article was "from an old draft".
The National Government sent to the Chamber of Deputies the draft Financial Competitiveness Law, an extensive proposal for comprehensive reform of the capital market covering 240 articles and amending more than twenty existing regulations. The reform seeks to facilitate productive investment, reduce transaction costs and adapt the legal structure...
The Executive sent the capital market reform project to the Chamber of Deputies on Tuesday. There, it proposes taxing Cedears’ sales with the profit tax.
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