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  • Debora Roc
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    Hello, Dr. Vinicius,

    Thank you for your article and information.

    I came here with one question and ended up finding another.
    The first doubt is in relation to Mr. Jamil Bexara's question, which reads as follows:

    "I have a question about sending money abroad from Brazil, since I did my DSDP in 2022, as I left Brazil at the end of 2021:
    Can I continue to send money abroad from my Brazilian account?"

    He replied that he could make international shipments normally, even though he had already submitted the DSDP.

    My understanding so far is that anyone who does the DSDP becomes a non-tax resident in Brazil and can no longer have a bank account in Brazil unless it is a foreign domiciled account, or CDE. Most banks don't offer this type of account and treat their account holders as tax residents in Brazil, passing this information on to the IRS. By filing the DSDP he will not be taxed on any income he may have abroad and if he has income in Brazil, he will be taxed differently, as a non-tax resident in Brazil. But if you keep an account in Brazil as a tax resident even though you have already done the DSDP, this could cause future problems such as your account being frozen or your CPF being suspended.

    Can you clarify that please?

    My second question is this: I sent the entire balance of my account in Brazil abroad (related to the sale of real estate) and closed the account in mid-June/2021. I left Brazil at the beginning of July/2021 and did the CSDP on the same date.

    I'm now filling in the DSDP/2022 and I'm wondering if it's necessary to inform the above-mentioned remittances abroad in the Assets and rights field of the DSDP.
    It's worth mentioning that the Capital Gain tax paid and the closure of the account in Brazil were informed in the Breakdown, leaving my balance in Brazil at zero on the date of characterization of the non-resident status.

    Thank you very much for your kind attention!
    Success in everything!

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

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