Brazil Drops Insurance Guarantee Tax To Spur Projects
Decree 7787, which drops the insurance guarantee tax — known by its Portuguese acronym, IOF — from 7.38 percent to zero, will save project developers approximately 60 million Brazilian reais ($29.7 million) annually, the Brazilian Economic Policy Secretariat estimated, based on 2011 numbers.
Sponsors and contractors of large infrastructure projects can opt or be...
Already a subscriber? Click here to login