Federal Government Launches Official Page On Definitive Tax Exit From Brazil ️ The…

Federal Government launches official page on Definitive Tax Exit from Brazil ️ The Federal Government, following the guidelines of the Federal Revenue of Brazil, made a new page available on the Consular Portal with updated information on the Communication and Declaration of Definitive Exit from the Country for taxpayers who leave Brazil permanently or who become non-tax residents. Communication is a mandatory procedure that must be made to the Federal Revenue Service from the date of departure and until the last day of February of the following year, informing that the taxpayer is leaving the country permanently or has changed his tax residence status. Furthermore, the Federal Revenue emphasizes that communicating the definitive exit does not exempt the taxpayer from other tax obligations: it is necessary to send the Declaration of Final Exit from the Country in the year following the exit, within the same deadline as the Income Tax Declaration, and pay the tax due in a single installment, as well as comply with any declarations from previous years. ️ Failure to carry out these procedures may result in maintaining the status of tax resident in Brazil, subjecting the taxpayer to taxation in Brazil on income obtained abroad, that is, risk of double taxation (country of residence and Brazil), in addition to the application of fines, interest, pending issues with the CPF and difficulties in future regularization. ️ Seek expert legal advice from an immigration lawyer. Access our and the exclusive group on Telegram via the this content. Follow the profile to keep up with more information and news.immigrationservices

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