CORRECT: Brazil Extends Bonds Tax Break to 6-Year FIDC Funds

(Finance Ministry corrects information on FIDC tax break released on Dec. 31) Tax exemption on infrastructure local bonds with minimum 4-year duration is extended to asset-backed funds with minimum 6-year duration, called FIDC. * Rule applies to FIDC funds linked to infrastructure projects * Tax exemption for foreign investors, Brazilian individual investors * Deputy Economic Policy Secretary at the Finance Ministry Pablo Fonseca tells reporters in Brasilia

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