
Brazilian government changes IOF rules
In brief As of May 23, 2025, Decree No. 12.466, of May 22, 2025, which amends Decree No. 6.306, of December 14, 2007, the Regulation of the Tax on Credit, Exchange and Insurance Transactions – IOF, came into force. The changes provide for an increase in tax rates on various transactions, summarized in the table […]