AND NOW ANY FINANCIAL TRANSACTION WILL BE CHARGED, BOTH FOR DEPOSITS AND WITHDRAWALS. ABSURD ON TOP OF ABSURD. THEY HAVE DESTROYED OUR ECONOMIC FREEDOM.

The government has just announced an increase in the IOF for currency remittances to 3.5% (it was previously 0.38% and 1.10%). It will also tax contributions above R$50 thousand in VGBL-type pensions at 5% IOF.

Windows are closing, and each passing day it becomes harder for you to protect your capital...