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.
- 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.