segunda-feira, 19 de novembro de 2012

6% taxation on international loans to Brazil


As from today, any international loan to Brazilian companies or individuals is subject to 6% IOF Tax.
Only loans with a maturity date
longer than 5 years   2 years  1 year are exempt from the taxation (there have been several changes within 2012. Currently, the minimum is 1 year).

The Brazilian government is trying, by all means, to reduce the influx of US Dollars to Brazil.
Those are mad times we live in.

Alternatives:

- Use loans with a maturity date that is effectively longer than 5, 2 1 year  (mentioning 1 year but obtaining payment in less than that time will not be enough).

- Invest instead of lending.

See you soon.

Um comentário:


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