IOF and credit fintechs: key changes
Two new decrees – No. 12,466, dated May 22, 2025, and No. 12,467, dated May 23, 2025 – have amended the Brazilian financial transactions tax (IOF) rules levied on credit, insurance, and foreign exchange transactions. The changes have been in effect since May 23, 2025, except for advance payments and other financing transactions granted to […]
IOF changes for FX transactions: understand the new rules
Two new decrees – No. 12,466, dated May 22, 2025, and No. 12,467, dated May 23, 2025 – have amended the IOF rules for credit, insurance, and foreign exchange (FX) transactions. The changes have been in effect since May 23, 2025, except for those relating to advance payment and other financing transactions granted to suppliers, […]
Learn about the proposal to create International Banking Units
On May 16, 2025, the Bill of Law No. 2,338/2025 (“Bill”) was submitted to the House of Representatives, seeking to amend the foreign exchange law and create the so-called “International Banking Units” (“IBUs”). In short, the Bill aims to lay down the statutory basis for Brazilian banking institutions to create IBUs as an international business […]
IBA | Credit risk transfer in Brazil: bridging the gap in regard to synthetic instruments
This article, written by partner Maurício Teixeira dos Santos and associate Marianno Cunha, provides an overview of the key legal matters relating to credit risk transfers in Brazil. It also delves into the alternatives to transfer risk either as a straightforward change of ownership or in synthetic form, and assesses their shortcomings. Read the full […]
