• Brazil Reduces Financial Transaction Tax (IOF) to Nil; Encourages Businesses to Invest in Certain Sectors
  The Brazilian Government has reduced the rate of financial transaction tax (Imposto sobre Operações Financeiras – IOF) on certain insurance policies to nil. The declaration pertaining to tax reduction has been published on August 16, 2012 and takes effect 90 days following its announcement.
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• Brazil Tax Update: Minimum Average Term Further Reduced for Certain Financial Transactions
  Brazil makes further amendment to the provisions governing tax on financial operations (Imposto sobre Operações Financeiras – IOF) with the publication of Decree No. 7,853 which reduces the minimum average term for certain financial transactions with effect from December 5, 2012.
  in Public bookmarks with average brazil expansion financial international iof minimum pr press release tax term transactions update

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