Congress Overturns IOF Increase
On 25 June 2025, Brazil’s National Congress passed Draft Legislative Decree (PDL) No. 214/2025, suspending Federal Decrees 12,466/2025, 12,467/2025, and 12,499/2025, which increased the Tax on Financial Transactions (IOF) rates. As a result, all three decrees have been repealed. Read more: Brazilian Government Expands Taxation Through Interim Measure and Revises IOF Rates by Decree The […]