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Brazil new Tax law for 2024 for resident and Citizens

sjpetzold

@abthree

I am unclear what you mean by the "policy of the RF to avoid double taxation". Do you mean taxation of income in both US and Brazil, as in US taxes Brazil income which has already been taxed in Brazil and vice versa?

abthree


    06/24/23 @abthreeI am unclear what you mean by the "policy of the RF to avoid double taxation". Do you mean taxation of income in both US and Brazil, as in US taxes Brazil income which has already been taxed in Brazil and vice versa?         -@sjpetzold


Yes. 🏻  In the absence of a tax treaty there's some double taxation, but it seems to be reduced.

NewBrazil

There a new tax law in Brazil just passed in 2024. They are going to tax all your investment all over the world. I put up a disscussion in this group explaining the new law. it anywhere from 8% to 15% on any profits you make if you are a resident or citizen. Example if you sell a property outside of Brazil they will tax you on the profit 15%. Here a web this explains it.

scottym

@abthree

Good evening abthree! I am a new resident in Brasil from Canada and am investing in crypto. I also am looking for a good accountant that deals with crypto law and tax implications. Would you mind sharing the name of your Brazilian accountant. I hope he speaks English. Thank you for all of your insight!

alan279

There a new tax law in Brazil just passed in 2024. They are going to tax all your investment all over the world. I put up a disscussion in this group explaining the new law. it anywhere from 8% to 15% on any profits you make if you are a resident or citizen. Example if you sell a property outside of Brazil they will tax you on the profit 15%. Here a web this explains it. - @NewBrazil

Link is to a law firm.

abthree

12/13/24  Link is to a law firm. - @alan279

It's an informational article, not a business solicitation.

bepmoht

@NewBrazil


My dear departed mother use to say, “THERE IS NO UTOPIA 🤣”.

Robert Laney

And how exactly is Brazil going to find out what you are doing in your home country if the only income that you show is coming from the US Social Security administration?

NewBrazil

@Robert Laney Do you have a CPF?? This is they way Brazil follow what you spend. If you have a bank account in Brazil they will see your SSI being deposited. So yes they may not know how much savings you have in the US. But they will know how much you are spending and deposit. You will need to pay taxes.

abthree

12/13/24 @abthree
Good evening abthree! I am a new resident in Brasil from Canada and am investing in crypto. I also am looking for a good accountant that deals with crypto law and tax implications. Would you mind sharing the name of your Brazilian accountant. I hope he speaks English. Thank you for all of your insight! - @scottym


Welcome.  I'm pretty sure that she doesn't know anything about crypto and I doubt very much that she speaks English, so there probably would not be a good fit.

GuestPoster6669

Dupe post.

GuestPoster6669

You do not initially need an accountant in Brasil. Anyone can operate a calculator, even you.


Who you should be hiring is a tax lawyer. You are moving your entire life, including the financial one, to the other side of the world into a country that has a myriad of complex and ever changing tax laws, all the while still having to negotiate those of your previous residence. Do you have multiple degrees in Portuguese universities on this subject ? I don't.


Someone with a nominal income and assets, or even moreso, significant ones, should be engaging a professional multilingual international specialist with the track record and credentials, as well as a blue chip client base, versus "Acerola the Acontador" located in the subloja above a churrascaria.


For someone in the nominal category perhaps a junior member of a firm will do. Normally these services are billed in blocks of prepaid hours. 10 hours @ R$1.000 is a good starting point for many, whereas others will need the services of someone requiring 50 hours @ R$2.000 upfront, or more.


FWIW you make your own bed.

alan279

@kolyaS122HSU

How do you find a competent attorney/accountant (or team?) for your particular country pairs?


Asking for a friend.

GuestPoster6669

Dahblyou Dahblyou Dahblyou.......you know the thing.......heh.


You have a private message.

alan279

@kolyaS122HSU

NewBrazil

Has anyone who a resident had to produce a tax document when leaving Brazil. Even just for a visit back to the USA. Thank for responding

abthree

03/16/25 Has anyone who a resident had to produce a tax document when leaving Brazil. Even just for a visit back to the USA. Thank for responding - @NewBrazil

I never have, either leaving Brazil or coming back.  The only Brazilian tax document that I ever have to supply to anyone is a copy of my  most current Brazilian tax return to my bank shortly after its filed.


I recently noted that a certification that no federal taxes are currently owing, the "Certidão Negativa de Débitos Relativos aos Tributos Federais e à Dívida Ativa da União" is available to anyone with a CPF through the Receita Federal app.  I haven't tried to use it anywhere yet, but I've started keeping a current copy on file in my current year tax folder, just in case.

*HernameisRio*

@abthree

Do you know where in the app I can find this? I just downloaded it but I don't see the correct thing to choose and ended up at a different website 😅

abthree

03/17/25  Do you know where in the app I can find this? I just downloaded it but I don't see the correct thing to choose and ended up at a different website 😅 - @*HernameisRio*

Good morning.  The RF app is integrated with gov.br, so you'll need a gov.br account.  The RF app takes you there, and you can create your gov.br account by clicking on "criar" on the login page if you don't already have one.


Once you're in gov.br, it will automatically take you to a Receita Federal page with a menu with "Favorites" at the top, then:


Cartão CPF

Meu Imposto de Renda

Certidão Negativa

Atividades Econômicas

Receita Saúde

Agendamentos

Empregados Domésticos

Empresas

Processos

Notas Fiscais de Serviços


Select "Certidão Negativa" and follow the prompts,  You can download the cert to your phone and print it out if you have print-from-phone software; otherwise you can send it to your computer and print it from there.


Some other useful features:  "Meu Imposto de Renda" lets you review all of your past IR declarations; "Notas Fiscais de Serviço" will show you the Notas Fiscais you've received that are registered with the RF.  It shows me all the monthly NFs for my health insurance.