FX, IOF tax, Pix, SWIFT and stablecoins for paying foreign suppliers: costs, timing and the changes that affect Brazilian importers.
The second phase of BCB Resolution 521 took effect on May 4, 2026: the purpose of the payment, data on the payer or recipient abroad, and monthly reporting of information to the Central Bank of Brazil.
The Central Bank rule that brings virtual assets into the foreign exchange market changes what a provider may do and what the client must disclose when paying a foreign supplier. Here is the text, article by article.
The first version of Drex, expected for the second half of 2026, will have no distributed ledger technology and no tokenization. Pix and stablecoins stay as they are.
In two months, the IOF tax was raised by decree, overturned by Congress, suspended by the Supreme Court and restored almost in full. Here is what applies now to FX and corporate credit.
Starting June 16, the customer authorizes once and the company bills within the agreed limits. The payer pays no fee; the receiver depends on what the bank or provider charges.
The government raised the IOF on foreign exchange, credit and insurance on May 22 and backtracked on two points the next day. For anyone paying a foreign supplier, the general remittance rate went from 0.38% to 3.5%.
On April 2, the United States announced tariffs on dozens of countries. Brazil landed in the lowest band, at 10%, but the dollar rose with the US-China escalation. See what matters for those who buy from abroad.