Income Tax

Shareholders residing in Brazil:: The Fund’s profits, calculated on a cash basis, when distributed to any shareholder, including exempt legal entities, are subject to the withholding of income tax at the rate of 20% (twenty percent).
In accordance with Law No. 11.033, of December 21, 2004, income distributed by the Fund is exempt from withholding income tax at source and from the annual tax return of individuals, provided that the following requirements are cumulatively met:

Capital gains and income earned from the sale or liquidation of Fund shares by any beneficiary, including exempt legal entities, are subject to taxation at a rate of 20% (twenty percent):

The aforementioned tax will be considered when:

An advance payment of the amounts due in the tax return, in the case of a beneficiary that is a legal entity taxed based on actual, presumed or arbitrary profit; or

Shareholders who do not reside in Brazil: as a general rule, shareholders residing abroad are subject to the same income tax rules as those residing or domiciled in the country.

For shareholders residing and domiciled abroad who do not reside in a tax haven or in a country with preferential taxation (Low or Zero Taxation Jurisdiction) and who bring funds into Brazil through the mechanisms provided for in CMN Resolution No. 4.373/14, specific taxation rules apply. In this situation, the income earned by these shareholders will be subject to withholding income tax at a rate of 15% (fifteen percent).

Dear investor,

Below you will find details on how to access your income statement for tax purposes directly from the Fund administrator: