The Brazilian tax authorities levy taxes on some types of investment income such as interest, rent on real estate and realized capital gains. Variable Income Tax on Capital Gains (stocks) The Department of Federal Revenue of Brazil, English for Secretaria da Receita Federal do Brasil, levies taxes on realized capital gains. Read more…
IRPF, short for Imposto sobre a Renda das Pessoas Físicas in Portuguese, is imposed by federal government on individual income. States and cities in Brazil do not levy income taxes. An income tax return must be filed every year by business and individuals. Who is required to file a tax return? It will depend on your Read more…
There are several taxes withheld in Brazil and sometimes it is hard to know which tax should be withheld. These taxes withheld are only applicable to services and employee wages. There is usually no tax withheld when a good is sold. Individuals as employees, independent contractors, and businesses are Read more…