How much Tax do Brazilians Pay? Income Tax, Capital Gain Tax, Consumption Tax, Corporation Tax

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This video is about taxes in Brazil. I will cover income tax, capital gains tax, importation tax, corporation tax, consumption tax. I will also compare these taxes against some other countries.
About me: I am Swedish and I moved to Brazil over 5 years ago and on my channel I share my experiences of living in the South of Brazil.
#brazil #brazilian #lifeinbrazil
Disclaimer: These videos are my personal views and opinion, they should not be considered as legal or financial advice. I assume no liability for how the information on this channel is used or interpreted and hence take no responsibility for any decisions that are made. If you need financial or legal advice please contact a legal or financial professional.
Timestamps
00:00 Introduction
00:49 Income Tax
07:00 Capitals Gains Tax
10:14 Consumption Tax (VAT)
13:00 Importation Tax
15:00 Corporation Tax

Опубликовано:

23 июл 2024

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Комментарии : 40

@user-ss1ry5sp7l 3 месяца назад

Keep making videos. You have some of the best content on the realities of life in Brazil.

@nordicinvestor 3 месяца назад

Thank you!

@joseadrianobaltieri4773 Месяц назад

Not only Dividends are free of taxes as well as Rents from FIIs (Fundos Imobiliários), which are Brazilian equivalents to REITs in EUA. I prefer to receive Rents from FIIs than from physical properties because they're free of taxes. No tax @ call. Simple like that ! Also, trading FIIs "quotes" (shares/units) is way easier, more versatile and liquid than trading whole properties themselves. One that trades shares will trades FIIs shares (units) very easily as well. Capital gains on selling FIIs (REITs) are taxed however at a fixed rate of 20 %. But on the other hand when you have losses they have the "PREJUÍZOS A COMPENSAR" feature, just as stocks do (mentioned @ another comment here). This is very good !

@nordicinvestor Месяц назад

You raise good points about FIIs. I might do a video about this in the future

@Liftedin 3 месяца назад

Thanks for the information. Great work.

@nordicinvestor 3 месяца назад

Glad it was helpful!

@old_al 3 месяца назад

Thank you for this video. Exactly the overview that I have been looking for. My (Brazilian) wife and I are moving to Sao Paulo from the USA next year. No doubt that I'll have to get a CPA to help with the tax reporting.

@nordicinvestor 3 месяца назад

Always good to get a cpa to do your tax return the first year or two.

@IvanTurkovic 3 месяца назад

There are some other potential ways to lower your taxes for some areas, if you use PJ you can pay around 10% of taxes instead of maximum 27.5%.

@nordicinvestor 3 месяца назад

Good point!

@mksneede9923 3 месяца назад

Thanks for this. Looking forward to watching

@nordicinvestor 3 месяца назад

Hope you enjoy it!

@plainvanillaguy Месяц назад

In the US, the standard deduction for a single person is almost 15,000 so actually someone making 11,000 in a year pays no federal income tax.

@nordicinvestor Месяц назад

Thanks for the info!

@plainvanillaguy Месяц назад

In the US, capital gains can be 0 depending on how much one makes.

@riccardofundament9295 3 месяца назад

great video....

@nordicinvestor 3 месяца назад

Thanks!

@plainvanillaguy Месяц назад

Having to pay state income tax in addition to federal income tax is a pain.

@SeanConroy-cy5rv 2 месяца назад

Thank you, very informative. I have been trying to get a little better understanding of how Brazil taxes global income, as I am considering moving there. I am specifically curious if you have any understanding of how Brazil taxes retirement accounts held in the US for a Brazilian tax resident? I have both Roth and traditional retirement accounts. If you aren't aware, the traditional US retirement account is taxed as income as I distribute assets and the Roth is not taxed at all when distributed. Neither is taxed on the income or gain within the account.

@nordicinvestor 2 месяца назад

If you become tax resident in Brazil you will have to pay tax on your worldwide income. I do not have a Roth but I do have other tax exempt investments in Sweden but now that I am resident in Brazil I have to pay capital gains tax on these in Brazil when I sell and make a capital gain. With regards to overseas retirement accounts, I believe you pay income tax in Brazil when you distribute assets but I am not an expert on this so worth asking an expert.

@Garvar72 3 месяца назад

This is a video about Taxes. Which is money. So I will ask it here. Do you know of a good Brazilian Credit card for traveling from Brazil to Europa. (My mother and father in law is traveling for the first time.)

@nordicinvestor 2 месяца назад

I like Wise and Revolut international debit cards as they have very low fees but they are debit cards and not credit cards. If you really need a credit card then nubank has an international credit card but the fees are higher than the wise and revolut debit cards

@igoraszamann 3 месяца назад

Hi, very informative video, just a quick question. I'm planning to move to brazil at some point and was thinking about crypto taxes. As you said if I start everything from zero ( brazil accounts) I don't have to pay capital gain on crypto up to 7000$, is that right? many thanks

@nordicinvestor 3 месяца назад

Hi, that's right, no tax up to $7000 of crypto sales per month. Just be aware that the government may be removing this exemption for crypto held on Brazil as well in the future.

@delroywilson9588 2 месяца назад

Thanks for this. Do you have an accountant there? Also, how do you get a CPF?

@nordicinvestor 2 месяца назад

I do my own taxes now so I don't use an accountant. To get a CPF you have a fill out a form on the brazilian tax office website servicos.receita.fazenda.gov.br/Servicos/cpf/CpfEstrangeiro/default.htm Then take this form to a Brazilian embassy or consulate in your country. Or if you are in Brazil you can go to a local tax office.

@delroywilson9588 2 месяца назад

@@nordicinvestor Thanks, NI. This is a big help.

@Gregski66 3 месяца назад

Hi, good video, i think the 15% capital gains tax on property is a bit harsh, i have lived in the same house here in Brasil for 15 years and now want to downsize, the house has doubled in value and unfortunately i have to pay 15% on any profit, a little harsh don't you think considering this is my only property and that the value has increased naturally .

@nordicinvestor 3 месяца назад

I agree its harsh

@karinewolney4636 2 месяца назад

Check the policy for rebuying your only residence within a time frame. You will pay no taxes (at least on the value that you reinvest on your new residence)