Taxation on capital gains to be kept at 15% for deals through December

Taxation on capital gains will be maintained at 15% for transactions completed until December 31, even if the payment is made in subsequent years. This is the understanding of the Federal Revenue on the subject, according to a statement sent to Valor. Transactions occurring after 2017 will be subject to higher rates, based on a progressive table. There were doubts about the Federal Revenue’s stance in relation to the new rates. This is because the tax is only collected at the time of the money transfer. But, according to the Federal Revenue, what it counts is the moment the contract is signed or the asset sold.