It is the value of converting the currency of one country to the value of the currency of another country.

Depending on the reason you are receiving or sending an amount, this exchange transaction may have tax. Income Tax: 0% to 33,33% (rates vary according to shipping reason and recipient country) IOF: 0,38% to 1,10% (rates vary depending on shipping reason).

When a customer has funds in Brazil and wants to send them abroad, he needs to send a remittance. If within the country the transfer of resources from one account to another takes place through TED's, DOC's and PIX, between countries this happens with Sending Remittances. Whoever is the recipient of foreign resources, on the other hand, needs Receipt of Remittance, which is nothing more than receiving a resource from another country in the national account.

To send funds to accounts of the same ownership and maintenance of a resident abroad, it is not necessary to present documentation. For other purposes, it is necessary to present supporting documents for transactions with a value greater than USD 3 thousand or the equivalent amount in another currency.

You can receive or send any amount as long as it is compatible with your financial capacity and you have documents that prove the origin of the resource. Consult your Manager for product enablement.