BRASILIA, Sept 1 The Brazilian government will charge a 1.5 percent financial transaction tax, known as IOF, on loans from state development bank BNDES to collect an extra 3 billion reais ($816.55 million) a year, a finance ministry official said on Tuesday.
The ministry's tax revenues coordinator, Claudia Lucia Pimentel, said the duty was going to be charged during the first year of the loan operations and became effective on Tuesday.
20:44 Trump is trying to take credit for a jobs announcement Charter made months ago28
12:52 Sears reveals 'substantial' doubts about future, shares plunge 11%21
12:34 Sears warns of 'going concern' doubts17
22:29 Usual suspects at the top of Forbes list of world’s richest billionaires36