Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 199

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 4
Chunk 199
---
 daily outstanding debt balances calculated on the last day of each
                                                                     month.                                                                 
--------------------------------------------------------------------------------------------------------------------------------------------
 Since January 2008, in addition to IOF on loans daily rate on the transactions mentioned above, loans and advances have been subject to IOF on loans additional rate of 0.38%, irrespective of the repayment period or whether the borrower is an individual or a legal entity. This way, for loan operations with a defined principal amount, for legal entities, IOF on loans rate shall not exceed 1.8765%, and for individuals, it will not exceed a 3.373% rate, which corresponds to the result of applying the daily rate to each amount of principal stipulated for the transaction, multiplied by 365 days, plus an additional rate of 0.38%, even if the loan is to be repaid by installments.
 IOF on loans is levied on loan operations between individuals and legal entities domiciled in Brazil, as well as on operations involving a creditor residing in Brazil, even if the debtor is located abroad. However, IOF on loans is not levied on loans where the lender is located abroad and the borrower is in Brazil.
 
4.B.80.01-02 On insurance operations
 IOF levied on insurance operations has as its taxable event the receipt of premium. Applicable rates are as follows:
  
120 – Form 20-F 2024 | Bradesco
-------------------------------

·                 0.0% for: (i) reinsurance operations; (ii) operations related to mandatory insurance, linked to residential              
    housing loans granted by an agent of the national housing system (SFH); (iii) insurance operations for export credits and international
     merchandise transportation; (iv) insurance operations entered into in Brazil and related to the cover for risks relating to the launch
     and operation of the satellites Brasilsat I and II; (v) aeronautical insurance and civil liability of airlines; (vi) premiums intended
                             to finance life insurance plans with survival coverage; and (vii) guarantee insurance;                        
-------------------------------------------------------------------------------------------------------------------------------------------

·                   0.38% of premiums paid, in the case of life insurance and similar policies, for personal or workplace                
    accidents, including mandatory insurance for personal injuries caused by vehicles or ships or cargo to persons transported or others;
-----------------------------------------------------------------------------------------------------------------------------------------

·   2.38% for private health insurance business; and
----------------------------------------------------

·   7.38% for all other insurance transactions.
-----------------------------------------------
 
4