COVID-19 – The tax rate of the Tax on Financial Transactions (IOF) was reduced to zero on credit transactions
IN BRIEF The Brazilian Federal Government has once more reduced to zero the tax rate of the Tax on Financial Transactions (IOF) levied on credit operations contracted between December 15 and 31, 2020. COMMENTS On December 11, 2020, the Brazilian Government published Decree No. 10,572, which amended Decree No. 6,306 / 07 and reinstated the […]