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Brazil government revises IOF taxes after pushback, tweaks investment levies
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Brazil government revises IOF taxes after pushback, tweaks investment levies
SAO PAULO (Reuters) -The Brazilian government published on Wednesday an executive order altering taxes levied on investments, as well as a new decree walking back part of the recently announced hikes on the IOF tax on financial transactions. The government had announced in May the increase of the IOF tax, including on credit and foreign-exchange transactions, to boost public revenues. The move triggered strong pushback from both Congress and mar…
The solution is to remove an exemption limit for R$ 5,000, keeping ‘IR minimum’. There would be increased revenue concentrated in major income categories The IOF crisis offers the country an opportunity to “make a lemonade” and attack a problem that the government had self-taxed, solving the IOF issue and, in parallel, leading part of the solution with the 2026/27 accounts in perspective. Unique material for signatories. To have complete access,…
The government of Luiz Inácio Lula published new proposals to increase taxes on financial investments and other assets
The Meio-Dia programme in Brazil this Friday, 12 speaks of the Provisional Action that tries to adjust the changes made by the Union in relation to the Tax on Financial Operations (IOF) and the reaction to the National Congress. In addition, the newspaper also talks about the air accident in India that killed about 250 people, about the... The post Meio-Dia in Brazil: Lula wants to reduce taxes with more taxes first appeared on Antagonist.
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