IOF code 7.11 mechanics, Pix vs SWIFT settlement, RFB reporting obligations, and what US contractors actually need to know about getting paid from Brazil. Written for Brazilian finance teams and the US contractors they pay — not for a general fintech audience.
The Imposto sobre Operações Financeiras applies to foreign currency exchange transactions. Here's the structural reason traditional providers trigger it twice — and why it doesn't have to be that way.
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SWIFT gets USD offshore. Pix gets BRL into BackChannel instantly. Understanding the rail split is how modern BR finance teams cut days off payroll cycles.
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You provide your ACH routing details. BackChannel handles the rest. What US contractors need to know about receiving USD from Brazilian clients.
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Settlement timing, FX rate lock conventions, and how to structure the Pix inbound window — what Brazilian CFOs managing the BRL-USD corridor do to minimize spread and meet the 11:00 BRT cutoff consistently.
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CNPJ verification, Pix chave setup, BCB Resolution 3.568 reporting requirements, IOF code 7.11 treatment, and the ACH routing details your US contractors need to provide — a complete operational checklist before your first international payroll run.
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