When you take out a loan or financing, the IOF is charged in two ways: - Fixed rate: 0.38% on the total value of the credit. - Daily rate: 0.0082% per day on the outstanding balance, up to a limit of 365 days.
When buying foreign currency or making international purchases, the IOF is also present: - Purchase of foreign currency in cash: 1.1% on the amount purchased. - International credit card purchases: 6.38% on the value of the transaction.
When taking out insurance, the IOF varies according to the type: - Life insurance: 0.38% on the prize. - Property insurance (such as vehicles): 7.38% on the premium.
- Avoid redeeming investments before 30 days. - Plan your financial operations to minimize the incidence of IOF. - Consult an accountant for tax planning strategies.