Menu
Hello Vinicius, super relevant content, thank you very much for publishing. I have a question, I am currently residing in Panama since November 2021. I am working here and paying the corresponding income tax, withheld at source. I have not left Brazil definitively as I have just filed my income tax return in May 2022. I have some financial investments in Brazil of non-relevant amounts, and no other assets.
In January 2023, I'll be moving to the United States and I want to understand if it's really worth leaving Brazil for good. I will potentially join my company's 401K fund and maybe buy a house in 1-2 years. Reading your article, I see that permanent withdrawal is super relevant for qualified investors and owners of assets in Brazil or abroad, but would it be the same for those who don't have large amounts invested in the capital market? In my case, would it be ideal to maintain dual tax residency and continue declaring annual income tax on account of financial assets?
Thank you!
Vinicius Tersi is a lawyer, specializing in International Tax Law.