IOF will drop to 5.38% on purchases abroad in January 2023 – APK Games

As of January 2, next Monday, the IOF (acronym for Tax on Financial Operations) on international purchases will be reduced to 5.38%. This change follows the decree by the government in March of this year, whose objective is to zero the IOF by 2028. The measure is one of the requirements of the Organization for Economic Co-operation and Development (OECD) for countries to join the bloc.

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