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Hello, thank you very much for your content. I had a question about the treatment of exchange rate variations on funds originally earned in dollars. For example, I sent 1000 dollars at 1 real to buy a bond in the United States. Six months later I received, as a coupon, 50 dollars at the conversion rate of 2 reais per USD. After another 5 months, the dollar appreciated to 3 reais per USD. I redeemed the 1000 dollars from the bond plus the 50 from the coupon that was in my current account and sent it to Brazil, for a total of 1050 dollars. My question is, should I tax the capital gain resulting only from the part originally in reais (1000 USD)? That would be a profit of 2000 reais, due to the gain of 2 reais per dollar. As for the 50, which are funds originally earned in dollars, is the exchange rate variation between the date of receipt, which went from 2 reais for each dollar to 3, and the date of shipment to Brazil exempt?
Vinicius Tersi is a lawyer, specializing in International Tax Law.