Home ' Forums ' Articles ' Permanent departure from Brazil: is it worth losing your Brazilian tax residency?

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    • #6486
      Vinicius Tersi
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      How living and working abroad can impact your income tax in Brazil

      [See the full article at Permanent departure from Brazil: is it worth losing your Brazilian tax residency?]

    • #7600
      Rodrigo Leite
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      Good morning
      I'd like to see if we can arrange a virtual consultation, as I have some questions about my specific situation that I'd like to ask you about.
      Thank you

    • #7601
      Vinicius Tersi
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      Hello, Rodrigo!

      Thank you for your interest! The simplest and quickest way to talk to us about appointments is to click on the "Contact Us" button or the WhatsApp button and talk directly to our team. They'll ask you a few questions to get a better understanding of your needs and advise you on making an appointment in my schedule. You can also do this by sending an e-mail to contato@tersi.adv.br.

      In any case, I can ask them to contact you by e-mail if you prefer.

      A big hug!

    • #7602
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      How to update CPF, resident in Italy

    • #7603
      Edgar Pereira
      Participant
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      Excellent post, congratulations Vinicius!!!

    • #7604
      Vinicius Tersi
      Keymaster
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      Hello, Maria! I couldn't extract enough information from your comment to help you. Could you elaborate on the problem?

      In any case, the IRS has created a way of updating CPF information via e-mail. You can find guidance on this service at this link.
      If you'd prefer to speak to us directly, just call us onWhatsApp or by e-mail contato@tersi.adv.br!

    • #7605
      Nawar
      Participant
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      Thank you very much for this article
      But I was hoping the article would end with a clear explanation of the idea
      That if the person decided to return to Brazil after a while, and brought back all their money, this money would logically and according to the explanation not be subject to any tax in Brazil, because it is all from outside Brazil, and he did "Definitive Exit from Brazil".
      Is this true?

    • #7606
      Flavia
      Participant
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      Good afternoon. I've been living in Portugal for a year, but I haven't declared my permanent departure. I have properties in Brazil in my name and one of them is financed by CEF. Even with this financing in my name, can I make the definitive exit declaration?

      Thank you.

    • #7607
      João Santos
      Participant
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      I have a nephew who has lived in the USA for 15 years and in that time has worked, bought a house and cars there.
      What are the implications of him making the tax exit now, will he have to declare these assets and income beforehand, pay fines etc...?
      Thank you
      João Santos

    • #7608
      Andrea
      Participant
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      Hello, excellent text!
      I have a question: can I be a tax resident in Brazil if I live in another country for more than 12 months?
      Thank you so much 🙂

    • #7609
      Giovana
      Participant
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      Dr. Vinicius, I've seen some websites saying that those who left Brazil more than five years ago, without submitting the Declaration of Final Exit, could only regularize their CPF status by indicating that they are now non-residents. Is this information correct? Wouldn't it be necessary to make a Retroactive Definitive Exit Declaration?

    • #7610
      Olga Mariotto
      Participant
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      We are retired in Brazil and receive the benefits here in the USA where we live. We want to know if we leave Brazil permanently, would this affect our benefit or if because of this benefit we will have to continue declaring income tax. As retirees every month they deduct 25% from our benefit, as far as I know this money is not returned regardless of whether we make the declaration. Is it worth making a permanent withdrawal?

    • #10225
      guilhermo
      Participant
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      good morning, i'm argentine with residence in brazil, i have an MEI but a year ago i moved to portugal, i wanted to know if it's convenient to make the definitive exit from brazil and pay the taxes here in portugal. considering that i don't want to lose my residence or cpf. I don't know if this affects what I do as an individual. Thanks!

    • #10231
      Risen
      Participant
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      Hello, Dr. Vinícius.

      Could you please answer a few questions? I would like to move with my family to Spain, to live there on income from financial investments and trading (buying and selling cryptocurrencies). I would file the Communication of Final Departure (CSD) and the Declaration of Final Departure (DSDP) as soon as I moved.
      In this scenario, I have the following questions:
      1) Can I still keep my Itaú (Brazil) bank account active and make transactions and redemptions?
      2) Are there any limits to these movements, determined by the IRS or the Central Bank?
      3) Since this income is taxed at source, I don't have to worry about declaring it to the RFB, right?
      4) I have investments in digital fixed-income tokens on the Mercado Bitcoin platform, which is not taxed at source. I end up having to calculate and declare the capital gain myself. Can I continue to hold these funds, declaring them in GCAP and paying tax (where applicable), even if I live outside Brazil?
      5) The procedure I would use to earn my income or amounts in euros abroad would be through a Wise card, to which I would convert the contributions from Banco Itaú, made in reais, into euros. I've read that if you contribute more than 10,000 dollars to an international card, you have to declare it to the RFB. Although I probably wouldn't transfer this amount every month, how would I proceed if I contributed more than this limit?
      6) As for cryptocurrencies, I would trade through the Binance platform (a global company, but with representation in Brazil, where I registered). Given this representation, Binance only accepts withdrawals in reais to the bank linked to my CPF in Brazil (Itaú). Can I continue trading as I did here in Brazil, withdrawing to Itaú, transferring to Wise and declaring the capital gain in GCAP? Sorry for the long list. Thank you very much in advance!

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Hi, I'm Vinicius Tersi, a specialist in international tax law.

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