IOF tax decrease on acquisition of Real Estate Fund quotas - 25/02/2013
On 31 January 2013, the Brazilian government published an amendment to the tax on financial transactions (IOF) rate for the taxation of acquisition of units into Brazilian Real Estate Funds.
The Decree 7,894 reduced from 6% to 0% the rate of the IOF levied on the acquisition of units of real estate investment funds.
Impacts for Luxembourg investment funds
All Luxembourg investment funds (SICAV and FCP) will directly benefit from the reduction of the IOF on the acquisition of units into the abovementioned investment funds.
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