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January 7th, 2024 at 11:40 am in reply to: Permanent departure from Brazil: is it worth losing your Brazilian tax residency? #10231RisenParticipant::
Hello, Dr. Vinícius.
Could you please answer a few questions? I would like to move with my family to Spain, to live there on income from financial investments and trading (buying and selling cryptocurrencies). I would file the Communication of Final Departure (CSD) and the Declaration of Final Departure (DSDP) as soon as I moved.
In this scenario, I have the following questions:
1) Can I still keep my Itaú (Brazil) bank account active and make transactions and redemptions?
2) Are there any limits to these movements, determined by the IRS or the Central Bank?
3) Since this income is taxed at source, I don't have to worry about declaring it to the RFB, right?
4) I have investments in digital fixed-income tokens on the Mercado Bitcoin platform, which is not taxed at source. I end up having to calculate and declare the capital gain myself. Can I continue to hold these funds, declaring them in GCAP and paying tax (where applicable), even if I live outside Brazil?
5) The procedure I would use to earn my income or amounts in euros abroad would be through a Wise card, to which I would convert the contributions from Banco Itaú, made in reais, into euros. I've read that if you contribute more than 10,000 dollars to an international card, you have to declare it to the RFB. Although I probably wouldn't transfer this amount every month, how would I proceed if I contributed more than this limit?
6) As for cryptocurrencies, I would trade through the Binance platform (a global company, but with representation in Brazil, where I registered). Given this representation, Binance only accepts withdrawals in reais to the bank linked to my CPF in Brazil (Itaú). Can I continue trading as I did here in Brazil, withdrawing to Itaú, transferring to Wise and declaring the capital gain in GCAP? Sorry for the long list. Thank you very much in advance! -
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