26 March 2020 – Changed tax treatment for overhedge of equity investments held abroad

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Financial markets and monetary policy
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Banco Central Do Brasil changed roles so that the tax effects arising from the overhedge of equity investments held abroad will not be deducted from equity temporarily.
Full details here: https://www.bcb.gov.br/en/pressdetail/2321/nota