Brazilian Government introduces changes to regulations dealing with taxation of financial operations

27 May 2025|Tax Alerts, Legislation & Policy, National/Federal Taxation, Global|Brazil

On 22 May 2025, the Brazilian Federal Government published Decree 12.466/2025, significantly increasing tax rates on credit transactions (IOF-credit) and certain foreign exchange transactions (IOF-FX), effective from 23 May 2025.
Entities engaged in credit and foreign exchange transactions should reassess their financial strategies and operations to accommodate the increased tax burdens introduced by the new regulations.

On 22 May 2025, the Federal Government published Decree 12.466/2025, in…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.