Categoria: Taxation of earnings in foreign currency

Taxation of earnings in foreign currency

Taxation of foreign earnings and income: how to calculate and declare?

We are frequently called upon by our clients to calculate the individual income tax on gains and losses on financial assets abroad (shares, bonds, fund shares) and the respective income (dividends and interests). Unfortunately, the rules to evaluate foreign earnings and income are very different from those used for Brazilian sources, and quite unfavorable. In

How to declare Bitcoin and other cryptocurrencies in the 2019 income tax.

In early May 2019, the Federal Revenue Service (RFB – Receita Federal) published Normative Instruction RFB no. 1.888 / 2019, which deals with the issue of declaring transactions involving crypto, a term that covers bitcoins and other “virtual currencies” or “cryptocurrencies”.We will show in this text how the RFB treats cryptocurrencies today and how to