Brazil's Tax and Trade Policies under the Rousseff - Brazil-US ...
Brazil's Tax and Trade Policies under the Rousseff - Brazil-US ...
Brazil's Tax and Trade Policies under the Rousseff - Brazil-US ...
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O<strong>the</strong>r <strong>Brazil</strong>ian <strong>Tax</strong> Considerations3. Foreign exchange transaction• The conversion of <strong>Brazil</strong>ian reais into foreign currency <strong>and</strong> <strong>the</strong> conversion of foreigncurrency into <strong>Brazil</strong>ian reais, may both be subject to <strong>the</strong> <strong>Tax</strong> on Foreign ExchangeTransaction (“IOF/Exchange”). Although for most foreign exchange transactions, <strong>the</strong>rate of IOF/Exchange is 0.38%, it may be increased, at any time, up to 25% (applicableonly for future transactions)