Investing in Brazil: 3 suggestions to the IRS for non-resident investors

[Vinicius Tersi]

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When I started this blog on November 1, 2018, my motivation was the indignation I felt at the difficulties imposed by the Brazilian state.
[See the full article at Investing in Brazil: 3 suggestions to the IRS for non-resident investors]

[Paulo]

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I'm one of those small investors who find themselves in limbo. I left Brazil in 2019 (with no plans to return), filed my tax return in 2020 and was advised by my lawyer not to inform my bank and broker. I migrated my investments to products exempt from income tax and pension plans. I rent a property and pay income tax (with a foreign investment code) through an attorney in Brazil. I hope to get through unscathed.
Thank you Vinicius for fighting for this cause.

[Raquel Macagnan Silva]

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Congratulations on your publications, Vinicius, and I hope they listen to your suggestions, as they are good and valid. I'll be following your texts from now on. Thanks for sharing!

[Bernardo Sulzbach]

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Something needs to change about this. Many of those who emigrate are small investors who would choose to leave part of their assets allocated to Brazilian assets but, because they have no alternative, need to liquidate them and take their capital to another country, thus reducing their investment in Brazil.

[GERALDO NOVAES DE ARAUJO]

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Good afternoon Dr. Vinicius Tersi, congratulations on the explanations of your texts, and excellent clarification of readers' doubts,
So I have some questions, I'll post them
Amounts in dollars declared by the company
GROSS REVENUE U$ 170.013
- EXPENSES
purchase of U$ machines 17,732
Payment of employees U$ 27,165
Car expenses U$ 11,083
Counter U$ 1.428
Phone U$ 960
Tools U$ 9.878
Company insurance U$ 2.131
Bank rates U$ 100
Depreciation U$ 78,047
Utilities Public U$ 1.321
Ads U$ 3.000
Garbage disposal U$ 673

TOTAL U$ 153.528

NET (LEFT OVER) U$ 16.485

IRS U$ 353

MASS GOV U$ 626

INDIVIDUAL DECLARATION

other income from schedule 1 U$ 16.485
post - 1986 depreciation adjustment U$ 714
distributions (attach statement if required(see instructions)/ distributions (attach statement if required(see instructions) U$ 12.186
retained earninings - (total liabilities shareholders equity/total liabilities shareholders equity US 4.299
this is yuor taxable income/ this is your taxable income U$ 3.535
IRS U$ 353

The only information I have.

So, with the above information, what would the income tax return look like in Brazil?
Brazilian citizen living in the USA, with residence also in Brazil, which form of declaration should be chosen? COMPLETE OR SIMPLIFIED?
What amounts must be declared when declaring as an individual in Brazil?

Thank you in advance.
GERALDO NOVAES DE ARAUJO
gnaraujogri@gmal.com

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