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March 23, 2022 at 3:19 pm in reply to: I didn't make a Declaration of Final Departure from Brazil: 3 conclusions about the risks #7448MarcioParticipant::
Dear Vinicius,
I haven't made my final exit declaration and I've been expatriating in Mexico since 07/2021. I would like to maintain tax residency in both Brazil and Mexico. I prepared my DAA in Brazil including the income received in Mexico and because the income tax rate in Mexico is higher than in Brazil it did not generate any amount to pay via carne-leão. I would like to know if it is necessary to include any reference to the existing treaty of non-bi-taxability between the countries in the DAA because it does not request any information in the DAA of the country where I received the income. What is the risk of doing the DAA in this way? Do you know anyone you would recommend to help you prepare the DAA?MarcioParticipant::Hello, Vinicius,
Excellent content, thank you very much.
I left Brazil in 2019, but as I had an investment in Variable Income (RV) I couldn't do the DSDP, correct?
Today, I liquidated all my VR investments and put everything into Fixed Income.
1- Should I do the CSDP with today's date?
2- Can I only do the DSDP in 2023 and then enter today's date as the date I left?
2.a) When would the sources of payment be notified in this case?Thank you in advance,
April 28, 2022 at 7:03 am in reply to: Declaration of Final Departure in 2023: what it is and why you should do it #7126MarcioParticipant::First of all, I would like to congratulate you on your detailed and consistent analysis.
If it's possible, I'd like your opinion on my situation. I am Brazilian, retired in Brazil and currently living in Portugal. I haven't done the DSDP and I don't intend to do it, because I don't consider my departure from Brazil to be definitive and I don't want to have any problems with the 25% automatic collection of income tax for retirees who make a definitive departure declaration. I have a total exemption from income tax on my retirement benefits due to a serious illness, but I know that this exemption could be disregarded by the IRS if I did the DSDP. I regularly file my DIRPF, declaring my retirement income and a house in Brazil. I don't receive any income in Portugal and I don't declare any income in the country.
My question is simple. I was told that those who leave Brazil for a long time, in a situation similar to mine, must return to the country at least once a year, so that their final departure is not automatically declared by the IRS. I'd like to ask if this information is true and, if so, what the minimum period of stay in Brazil should be to ensure compliance with this requirement.
Thank you very much for your attention.
Sincerely,
Márcio -
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