IOF tax | The Rio Times

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 - December 31, 2013

By Alfred Rinaldi, Contributing ReporterRIO 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...

IOF Tax Zeroed to Protect the Real: Daily

Contributing Reporter - June 13, 2013

By Anna Kaiser, Contributing ReporterRIO 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....