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.
14:47 Gambian president said he would rule for a ‘billion years.’ He just lost reelection13
14:45 Spain raises taxes to try to meet EU deficit target13
03:46 Colombia's Congress Ratifies Peace Deal With FARC Rebels9
06:52 France's Carrefour eyes second-quarter 2017 4.5 billion euros IPO of Carmila arm: report15