📢 URGENT: Increase of IOF in Brazil impacts financial and foreign exchange operations

The Federal Government announced yesterday (22/05) an increase in the rates of IOF (Tax on Financial Transactions), aiming to collect R$ 20.5 billion in 2025. The measure includes: 

• International cards: unified rate of 3.5% for credit, debit, and prepaid.

• Remittances abroad: IOF of 3.5% for personal transfers and investments.

• VGBL insurance: monthly contributions above R$ 50 thousand will have IOF of 5%.  

After criticism, the government partially retreated, maintaining exemption for investments in Brazilian funds abroad.

These changes may affect the exchange rate, international investments, and consumption abroad. Stay tuned for updates and adjust your financial strategies as necessary.

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