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Brazil Studies Tax Changes for Investment Funds, Estado Says

October 7th, 2009
Finance Ministry’s economic policy undersecretary Dyogo Oliveira

Dyogo Oliveira

Brazil’s government may change tax rules for investment funds, O Estado de S. Paulo reported, citing the Finance Ministry’s economic policy undersecretary Dyogo Oliveira.

Under the plan, the income tax on investment returns would be charged only once a year, lowering operational costs for the fund industry, Oliveira told Estado in an interview. Presently, the income tax is charged every six months and at redemption.

By Camila Fontana

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