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 […]