Supreme Federal Court reinstates Tax on Financial Transactions rate increases
On 16 July 2025, Justice Alexandre de Moraes partially upheld the constitutionality of Decree 12,499/2025 and reinstated the higher Tax on Financial Transactions (IOF) rates, reversing Congress’s 27 June 2025 decision to overturn them. The measure followed a conciliation hearing between the Executive and Legislative Branches convened by the Justice, which ended without agreement. The […]