ICMS Exemption for Sales to Free Trade Areas (FTAs)
São Paulo State Decree No. 70,348/2026 introduces a temporary ICMS exemption for sales of domestic industrialized or semi-finished goods to specific Free Trade Areas (FTAs). The measure is retroactive to 29 December 2025 and remains effective until 30 September 2026. Scope and Eligibility The exemption applies to sales destined for resale or industrial processing by […]
Brazilian Government Expands Taxation Through Interim Measure and Revises IOF Rates by Decree
On 22 May 2025, the Brazilian Government issued Decree 12,466/2025, raising the rate of the Tax on Financial Transactions (IOF) to increase federal revenue. Among the key changes, the government introduced a 3.5% IOF rate on investments made abroad by Brazilian investment funds, which had previously been exempt. Additionally, the IOF rate on cash foreign […]