Decree n. 7.894, Jan. 30. 2013, DOU of January 31, established the zero IOF rate upon the settlement of exchange operations carried out by a foreign investor, beginning on January 31, 2013, in connection with the transfer of funds abroad for the acquisition of real estate investment fund shares.
(Decree n. 7.894, Jan. 30. 2013, DOU-I, Jan. 31. 2013. Available at: <http://www.planalto.gov.br/ccivil_03/_Ato2011-2014/2013/Decreto/D7894.htm>. Access in: Feb. 2013).