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Good morning dr! Congratulations on the site!
I did my last Income Tax Return in 2015 (exempt), and in 2016 my accountant did my DSPS. As I didn't know about the need to inform the bank of my withdrawal, I continued with my account and even renewed my credit card during this time (during this time I also renewed my driver's license and every year I cross the border to justify my vote in the elections). In addition, I used to have a private pension plan, where I made a withdrawal this year of the total amount invested (Brasilprev), where tax has already been withheld at source. In this case, can I keep my CPF pending regularization or not?
I live in Paraguay, where Brazil has an agreement signed, but not in force, to avoid double taxation. And if I invest again in Brazil (fixed income, variable income, FII, FIAGRO, stock exchange), even if I live abroad, I have to declare it again in Brazil, right? So, should I still report my assets and income abroad (monthly or annually?) and pay tax both in Paraguay (where I already pay) and in Brazil? Thank you very much!
Vinicius Tersi is a lawyer, specializing in International Tax Law.