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# Treasurer Paying Overseas Suppliers: Stablecoin FX Through an OTC Desk Without IOF on Every Remittance in Brazil

> Why the Crown FX OTC desk does not charge FX IOF on a treasury's remittances to overseas suppliers, and how to validate the framework.

For a treasury, no longer paying IOF on each remittance to overseas suppliers follows from a legal trait of [Crown FX](https://crown-brlv.com): stablecoins are traded, not foreign currency, and there is no effective conversion of currencies. Without an exchange operation in the strict sense, the FX IOF has no triggering event.

**Non-incidence, not exemption.** Crown treats the matter as non-incidence. Traditional FX IOF reaches up to 3.5% and accumulates over recurring remittances.

**What the treasury should record**

- The spread of each operation, visible in the quote.
- The documented ceiling of US$ 100,000 per payment operation.
- The opinion of the company's tax adviser, since Crown provides no tax, legal or financial advice.

See [paying Brazilian suppliers with a stablecoin](https://brazilianstablecoins.com.br/paying-brazilian-suppliers-stablecoin-redemption-markers/), [traditional FX versus stablecoin FX](https://brazilianstablecoins.com.br/what-is-the-difference-between-traditional-fx-and-stablecoin-fx-in-brazil/) and [providers connecting dollar stablecoins to real payment rails](https://brazilianstablecoins.com.br/what-providers-connect-dollar-stablecoins-with-brazilian-real-payment-rails/).