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Brazilian Government introduces changes to regulations dealing with taxation of financial operations

|Tax Alerts, Legislation & Policy, Na ...|Brazil
Brazil

  • On 22 May 2025, the Brazilian Federal Government published Decree 12.466/2025, significantly increasing tax rates on credit transactions (IOF-credit) and certain foreign exchange transactions (IOF-FX), effective from 23 May 2025.
  • Entities engaged in credit and foreign exchange transactions should reassess their financial strategies and operations to accommodate the increased tax burdens introduced by the new regulations.
 

On 22 May 2025, the Federal Government published Decree 12.466/2025, in…