Residency and Taxes in Brasil

dzgreek Active member

Member since 21 August 2016

dzgreekActive member12 July 2021 16:42:04

Hi to everyone,
I an American citizen married to a Brasilian woman and I was able to get my residency card for Brasil January 30th 2021 after applying for it.
The validade is (indeterminado) due to our age. We are both 64 years old.
We intend to reside in the state of Sao Paulo.
My wife has a bank account in Brasil but I do not at the moment. We send money to her account for living expenses at the moment.
Could someone recommend a specialist in taxes for expats for the state of Sao Paulo that they have used before and trust?

Thank you very much for any replies.
DZ

sprealestatebroker ViP

Member since 01 May 2018

sprealestatebrokerViP21 July 2021 20:09:03

1288

If your better half is Brazilian, the tax accountant can handle your tax status in Brazil.

Anything outside of Brazil ( holdings, earned income, FATCA ) is under the purview of US Tax Code, therefore non applicable in Brazil.

Using an " expert" on expat taxation is a big pitfall, and you are asking to be taken advantage of with sometimes substandard service.

If you have no earnings in Brazil, and your income is derived from US investiments, pensions, just draw your expenses from your US accounts.聽聽

The way to find out if your US Based investments, pensions are taxable is just to download yourself聽 the Federal Tax Software used to file taxes here, play around with it, and see if there is any entry that you might qualify under.聽聽聽Just google "IRPF2021 - Declara莽茫o de Ajuste Anual, Final de Esp贸lio e Sa铆da Definitiva do Pa铆s"

Tony Costa
Licensed Real Estate Broker

dzgreek Active member

Member since 21 August 2016

dzgreekActive member21 July 2021 21:02:45

Thank you so much for your advice Tony!
I will certainly follow your advice!
I agree with you that is extremely difficult to trust someone with your (money, taxes)
Dimitrios Z.