COVID-19 – Brazilian Government reduces IOF tax rate to zero on credit transactions
Among the measures published by the Brazilian Government last week to mitigate the impact of the coronavirus pandemic, Decree No. 10,305 was published on April 2, 2020, reducing the Financial Transactions Tax (IOF) rate to zero on credit transactions contracted between April 3, 2020 and July 3, 2020. According to the Federal Revenue, this measure […]