A decree on the IOF tax and an MP on other taxes were published, there has been a delay in the payment of parliamentary fund transfers, and the STF voted to hold social media platforms accountable for content posted by users

BRAZIL POLITICS - Report 12 Jun 2025 by Murillo de Aragão and Cristiano Noronha

A decree adjusting the Financial Operations Tax (IOF) and a provisional measure (MP) addressing the taxation of financial investments, betting platforms, and the increase in the Interest on Equity (JCP) rate, among other measures, were published yesterday in a special edition of the Federal Official Gazette. Minister of Institutional Relations Gleisi Hoffmann said she understands Hugo Motta’s concerns regarding the delayed execution of fund transfers. She attributed the delay to the late approval of the 2025 Budget. As expected, a majority of justices on the STF voted in favor of holding social media platforms accountable for content published by their users. The justices must still determine the specifics—namely, how and under what conditions digital platforms will be required to respond to and remedy damages caused by user posts.

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