[Edson de Sousa]

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Hello, Vinicius,
Congratulations on the article. Very enlightening.

I'm living in New Zealand and I left permanently in 2020. I still have some money in a current account in Brazil and I want to transfer it here. When I tried to do it through the bank, I got the following message.

"In the case of selecting the nature of remittances for Maintenance of Residents and Students, dependent on Income Tax (IR), the customer must be aware that it will be DECLARED that this remittance is exempt from withholding and payment of Income Tax (IR), as the resident and/or student is dependent on the sender's Annual Adjustment Declaration, not representing income earned by the favored party, based on item IV, Art. 754, of Decree 9,580/2018.

In the case of selecting the nature of remittances for Maintenance of Residents and Students, not dependent on Income Tax (IR), the client must be aware that Income Tax (IR) will be levied on the total value of the operation in accordance with current legislation."

I'm no longer a resident, so what happens? Do I have to pay tax on this transfer? How much? I haven't found anything anywhere that addresses this.

Thank you,

Edson

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