On 25 June 2025, both the Brazilian Chamber of Deputies and the Senate (lower and upper houses of National Congress) approved Draft Legislative Decree No. 214 of 2025 to suspend (repeal) three earlier presidential decrees that increased the financial transactions tax (IOF) rates. The decree was published in the Official Gazette on 27 June 2025 as Legislative Decree No. 176 of 26 June 2025. …