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Vinicius, thanks for having all this information, it helps a lot.
I've been living outside Brazil since 1992 and I've never made a final exit declaration. I don't have an account or any property in Brazil. For a while I did exempt tax but then I stopped doing it.
As I understand it, in order to regularize the situation, I could do the DSD from 5 years ago, 2017. My question is this. When I make this declaration back to 2017, do I have to declare my assets and income from the country where I live? Will I have to pay tax on this? What do I need to inform in the retroactive declaration?
thank you
Jorge
Hello, Vinicius! Congratulations on the content, I hadn't come across anything so detailed until now.
I was wondering if you could answer a question. Take, for example, the dollar equivalent of R$ 70,000 invested in US government bonds maturing in March. If I sell half of these bonds a few days before maturity, would I be entitled to capital gains exemption on this portion? Or would the portion held until maturity be added to the portion sold, making it impossible to exempt the half sold?
Vinicius Tersi is a lawyer, specializing in International Tax Law.