The Definitive Exit Statement (DSD) is a special income tax statement, much like the annual adjustment statement (the “normal” statement). But there are some small differences between the two. The DSD has one more form, called “Exit”, in which the data related to that exit are informed. In this form, the fields that the system
Normative Instruction SRF no. 208/2002 regulates the issue of definitive exit and creates the Definitive Exit Communication (CSD). In the body of this Normative Instruction, there is no provision at any time for the communication to be optional. According to the wording, the person who left or became a non-resident, either by definitive departure or
Normative Instruction SRF no. 208/2002, in a specific device, informs that, if the person did not formally leave definitively when he/she left the country, he/she will have his/her tax residency in Brazil extended for another 12 months after having physically left Brazilian territory. This situation is called by the legislation “temporary exit”. Thereafter, the person
For those who live abroad and maintain their tax residency in Brazil for some reason, there is an obligation to submit income from a foreign source to Brazilian taxation. To do this, it is important to know first what income they are. In Brazil, there are two ways to tax income earned abroad: (i). as
Each country that taxes income has its own rules on how to file the tax return. In most countries, it is customary to ask for information only on income. The Brazilian declaration is, in turn, much more complete in terms of what is reported within it, as it also compares the evolution of the taxpayer’s
It depends on the case! First of all, it needs to be analyzed whether the tax exit was formalized or not. Whoever submitted the declaration of final departure, remains abroad and has no intention of remaining linked to Brazil should no longer submit the Brazilian income tax return. Income from a Brazilian source is subject
President Jair Bolsonaro’s request to the Federal Revenue Secretary, Marcos Cintra, was recently reported in the press to study the revaluation of equity values declared in the income tax. The measure was announced as a means to obtain greater revenue for the Government without increasing taxes. A few days later, the press also reported that
Yes but the regulation excessively restricts the non-resident investor’s freedom. We often receive questions about how to maintain regular financial investments after making the tax outflow, especially when the intention is not to redeem them and keep them invested in Brazil. The Federal Revenue and the Central Bank, unfortunately, do not collaborate on this issue,
I’ve received a few questions from people who live abroad and don’t have interest in stop being a tax resident in Brazil. In some cases, the person decides to travel every year to Brazil with the goal of not completing 12 consecutive months of absence and, therefore, do not attend to the requirement of temporary
The IRS receives information from Brazilians paying sources (banks, brokers, real estate agents) regarding the income of each taxpayer. If the paying source has not been notified about the taxpayer’s tax outflow, it will continue reporting income as if the resident taxpayer were. This conflicts with the information provided by the taxpayer who is no
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Vinicius Tersi é advogado, especialista em Direito Tributário Internacional.
Elaborado por 3MIND – Especialistas em marketing jurídico