The Brazilian government has announced that President Jair Bolsonaro issued Decree No. 10,797 on 16 September 2021, which provides for a temporary increase in the financial transactions tax (IOF) rate to fund the expansion of the Auxílio Brasil welfare program. The program provides aid for Brazilians impacted by the COVID-19 pandemic. With effect from 20 September to 31 December 2021, the dec…