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  • Matthew
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    Hello, Vinícius,

    I sent the Declaration of Final Departure from Brazil, but I still own shares and real estate funds.
    I need to regularize my situation, but I have some shares at a loss at the moment.
    Am I obliged to get rid of them immediately, or can I at least wait for them to recover their value?

    Thank you!

    in reply to: I live abroad and receive rent in Brazil: what do I do? #7802
    Matthew
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    Thank you very much for the content!
    My sister and brother-in-law live in the USA and filed their final exit papers this year. I'm their attorney-in-fact and now we need to change the way we receive the rent for their apartment. The rent is paid through a real estate company that already withheld the tax and deposited the amount in the account they still had in Brazil. Now that the account will be extinguished, we will have to make this change. Your explanations have helped a lot, but I still have some questions:

    (1) Does this change in the tax collection process have to take effect from the date the outgoing tax return was sent, or from the beginning of this year?

    2. Is it compulsory to set up a domiciled abroad account (CDE)? Or can I keep the money received in my account and use it for their expenses here and eventually make international transfers to their account in the USA?

    Matthew
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    Hello, Dr. Vinícius.

    I'm Brazilian and I've been living in Portugal since 2020. I don't have a residence permit yet, but according to Portuguese law, I'm already a tax resident. When I left Brazil, I didn't declare my definitive departure (I didn't know this obligation existed until today), so in the federal revenue system I'm still a tax resident in Brazil. Apparently I lead a "double life". I want to start investing, but from what I've seen here on the blog this could be a problem.
    What I want to know is whether I can invest normally as a resident and whether I run any risk because of this.
    If I can't, what should I do to be able to invest legally and regularly?

    Thank you in advance.

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

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