Tag: IOF tax

Brazil's Finance Minister Guido Mantega, Rio de Janeiro, Brazil News

IOF Tax on Pre-Paid Debit Cards Up to 6.38% for Brazilians

Contributing Reporter -
By Alfred Rinaldi, Contributing Reporter RIO DE JANEIRO, BRAZIL - Residents of Brazil making purchases abroad using travelers' checks and pre-paid debit cards have been caught unawares by a surprise hike in the foreign transactions tax IOF. The Imposto sobre...
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Rio de Janeiro, Brazil - news

IOF Tax Zeroed to Protect the Real: Daily

Contributing Reporter -
By Anna Kaiser, Contributing Reporter RIO DE JANEIRO, BRAZIL - The Brazilian government announced yesterday that it will zero the IOF tax (Tax on Financial Transactions), in an effort to protect the weakening real in response to the strengthening dollar....
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