Government Lula Recua Part of IOF Decree - 22/05/2025

State representative Alan Sanches (União Brasil), vice-leader of the opposition in the Legislative Assembly of Bahia and pre-candidate for federal deputy in 2026, criticized the Lula government after the partial repeal of the decree that increased the Financial Transactions Tax (IOF) on remittances abroad through investment funds. The measure, announced and reversed the same day, was the subject of criticism from the market and the productive se…

Members of President Luiz Inácio Lula da Silva's (PT) government believe there was a communication failure when announcing the change in rules for the IOF (Tax on Financial Transactions) on Thursday (May 22, 2025). Despite the disagreement, they believe the situation has been resolved and are already working to reverse the uneasiness between the ministries. First, the Ministry of Finance announced the change as an attempt to inject R$20.1 billio…

The Ministry of Fazenda announced the annulment of part of the decree that increased the Tax on Financial Operations (IOF). The announcement that it returned to the part of the decision was made hours after the rise of the values, due to the negative reaction to the measure. “The Ministry of Fazenda reported that, after dialogue and technical evaluation,... The Post Disordered, government Lula requisitioned part of the increase of IOF appeared f…

With a negative impact, the government decided to withdraw part of the changes announced in the Financial Operations Tax (IOF)

Fazenda says that 'he has heard a country' and has a tax on Brazilian funds applications abroad and international transfers for investments