Law 4131 - External Loans

10/06/2015 10:59
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Foreign currency loans not linked to trade finance transactions. The funds are granted directly by CCB Brasil Cayman to a company domiciled in Brazil, to meet its working capital requirements.

  • Interest.
  • Withholding tax at the rate of 25% on the interest.
  • Zero-rated IOF tax in the case of transactions with average terms equal to or exceeding 180 days.
  • IOF tax on the principal amount, at rates of 0.38% plus 6% in the case of transactions with average terms of less than 180 days.

Bank of China (Brasil) Banco Múltiplo S/A