Two taxes may apply to fixed income investments: income tax (IR) and IOF (Tax on Financial Transactions). Whether income tax applies depends on the type of investment. IOF only applies if you withdraw before 30 days from purchase.

CDB, LC, LF, Tesouro Direto and regular debentures are subject to income tax.

The tax applies only to your earnings – never to the amount you invested. It follows the regressive table, so the longer you stay invested, the lower the rate:

The tax is withheld at source — at withdrawal, at maturity, or at coupon payment. You receive the amount already net and don't need to issue any payment form.

LCI, LCA, CRI and CRA are exempt from income tax for individuals.

IOF only applies if you withdraw less than 30 days after investing. It's charged on your earnings, on a regressive scale: 96% on day 1, falling to 0% on day 30. From day 30 onward there is no IOF at all.

Fixed income investment services in Brazil are provided by Genial Investimentos Corretora de Valores Mobiliários S.A. (CNPJ No. 27.652.684/0001-62), a brokerage firm authorized and regulated by the Brazilian Securities and Exchange Commission (CVM). The information provided is for informational purposes only and does not constitute investment advice, investment consulting, or a recommendation to invest. Any investment decision is the sole responsibility of the investor and should take into account their investment objectives, risk profile, and financial situation.