Brazilian Congress suspends Government Decrees related to changes in IOF, reestablishing rates set prior to 22 May 2025
|Tax Alerts, Legislation & Policy, Na ...|Brazil
The Brazilian Congress has revoked three recent presidential Decrees, restoring tax rates applicable to credit transactions as well as foreign exchange transactions to those prior to 22 May 2025.
Effective immediately upon publication of the Legislative Decree, the tax rates will revert to their original levels.
The revocation should not be retroactive, so taxpayers should review transactions from 22 May 2025, to ensure compliance with the applicable legislation during that period.
Executive …
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