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Brazil new Tax law for 2024 for resident and Citizens

Last activity 28 June 2024 by NewBrazil

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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. https://www.trenchrossi.com/en/legal-al … in-brazil/

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