Expatriates taking up employment in Brazil will be subject to taxation according to the types of visas at the entrance to the country because tax residency is related to the types of visas. Grant Thornton Brazil can assist expatriates and their employers in providing monitoring of the fiscal residence acquisition process and compliance regarding the Brazilian tax filing requirements.
Brazilian resident taxpayers must prepare and file an annual individual income tax return to the tax authorities no later than 30 April following the subsequent period of residency acquisition. The obligation to deliver the document is applicable for residents who earn more than BRL 28,559.70 annually, own properties in Brazil valued over BRL 300,000.00, operate in the Brazilian stock market with capital gain, or if over BRL 40,000.00 in exempt income from bank investments has been earned. All incomes received at source and incomes received abroad must be reported.
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