Decree No. 10,997/2022 published by the Federal Government on 03/16/2022 progressively reduces the IOF-Exchange (Tax on Financial Transactions involving foreign exchange) rates.
In general terms, the reduction will occur gradually until reaching the zero rate of all foreign exchange operations by the year 2029. Despite this, as of 03/19/2022, the zero rate is already applicable for loan operations minimum average term of up to 180 days.
Check below the new rates of exchange operations and the gradual reductions:
If you have any questions or want to better understand the impacts on your company, Almeida Advogados has a team specialized in Tax Law, updated daily and available to resolve any issues related to the topic presented.
Authors: partner Rodrigo Petry Terra and lawyer Fabio Catta Preta Casella