Friday February 1 2013

News Source: Global Disclosures

Focus: Foreign Investment

Type: General

Country: Brazil




On 31st January a further change was made to the tax regime for financial transactions inrelation to Brazil IOF tax.

The Minister of the Economy has exempted foreign investors from paying a financial transaction tax on purchases of real estate investment trusts traded on the country`s stock exchange, hoping to spur investments and support an economic recovery.

Click on the above link for the amended legislation (in Portuguese).