Individual Tax - Drummond Advisors

We take care of the tax aspects in Brazil while you focus on what matters

Compliance Services

Consulting Services

Annual Income Tax Return
Preparation of the annual income tax return, ensuring that all income and deductions are accurately reported.

Declaration of Permanent Departure from the Country
Preparation of the declaration of permanent departure from Brazil, ensuring compliance with the requirements of the Federal Revenue Service.

Communication of Permanent Departure from the Country
Preparation of the exit communication, ensuring compliance with legal requirements and notification to the competent authorities about the individual’s departure from Brazil.

Calculation of Monthly Income Tax (Carnê-Leão)
Preparation of the calculation of the monthly income tax (carnê-leão), assisting in the regularization of tax obligations.

Calculation of Capital Gains
Preparation of the calculation of capital gains on the sale of assets, ensuring compliance with tax obligations.

Declaration of Brazilian Capital Abroad (DCBE)
Assistance in the preparation of the declaration of Brazilian assets abroad, ensuring complete accounting within the legal deadlines.

Tax Consulting Meetings
Offering tax consulting meetings to clarify your doubts about the processes of entering and leaving the country, ensuring that you fully understand the tax impacts.

Memorandums
Preparation of comprehensive memoranda that describe tax, immigration, social security and labor obligations of individuals in the country, ensuring full compliance with current legislation.

Specialized Analysis of International Agreements
Conducting detailed analyses of international agreements that affect your operations, ensuring the correct application of legislation and optimization of the tax burden.

Assessment of the Tax Situation of Non-Residents
Examination of your tax situation as a non-resident in Brazil, providing clarity on your obligations and exploring options for regularization and tax optimization.

Strategic Consulting for Liquidity Events
Provision of consulting services for liquidity events, such as share sales or mergers, focusing on the tax implications for individuals and maximizing their benefits.

Here’s What Our Customers Are Saying!

Our relationship at Drummond began when I requested to switch from my company's then representative agent to Drummond. This situation was extremely tense and delicate for me, and I wanted to resolve it amicably between the parties as quickly as possible. You handled the matter with great competence, calm firmness, patience, availability, and attention to me, who was very distressed. You were instrumental in ensuring that this transition was successful and without conflict. Everything worked out! Now, in our day-to-day interactions, I continue to find you to be an excellent liaison with Drummond. You always respond quickly, take an interest in understanding my needs, are very competent, calm, and respond clearly and promptly to the issues raised. I feel very well taken care of!

Vania Naylor

Pink Horse LTD

We have several specialists to assist you in the best possible way

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FAQ

Permanent departure from Brazil is a two-step process for tax residents who leave the country permanently or after 12 months of absence. Notification of Permanent Departure from the Country: The first step requires filling out the Permanent Departure from the Country Communication Form with the Federal Revenue Service. This document must be submitted before your departure or by the last day of February of the year following your departure. Declaration of Permanent Departure from the Country: In the second step, carried out in the tax season following your departure, you must submit the Permanent Departure Declaration. In it, you must declare all your income, payments, assets, rights and debts, both in Brazil and abroad, up to the date of departure.

End of Taxation on a Global Basis: By declaring your permanent departure, you are no longer considered a tax resident in Brazil. This means that you are no longer subject to taxation on your worldwide income by the Brazilian tax authorities. Only income from sources in Brazil will be taxed, according to the rules for non-residents. International Tax Simplification: Declaring your permanent departure can simplify your global tax situation, as you will no longer need to deal with the complexity of declaring and paying taxes in Brazil on income earned abroad. Avoiding Double Taxation: To avoid being taxed both in Brazil and in your country of residence, declaring your permanent departure helps to define your tax residence clearly, minimizing the risk of double taxation. Compliance with Legal Obligations: Formalizing your permanent departure is a legal requirement for those who cease to reside in Brazil permanently. This avoids future problems with the Federal Revenue Service and makes it easier to comply with tax obligations abroad.

Yes, it is possible to maintain investments in Brazil after leaving the country permanently and changing your tax residence. As a non-tax resident, you can still: Maintain Financial Investments: This includes investment funds, shares and Brazilian government bonds. Hold Real Estate: You can maintain ownership of real estate located in the national territory. Manage Corporate Interests: You can continue to manage your interests in companies headquartered in Brazil. However, it is essential to be aware of the taxation rules applicable to non-residents, as these investments may be subject to different Income Tax rates and codes. Therefore, it is highly recommended that you seek out the manager of your financial institution and consult a tax specialist to better understand these impacts and ensure that you are aware of all tax obligations.

Yes, the declaration is mandatory: All tax residents in Brazil must report their investments abroad on their Income Tax Return. Assets and Rights: In the declaration, you must include information about bank accounts, shares, investment funds and other financial assets located outside of Brazil, specifying the amounts and nature of these investments. Income: It is also necessary to declare income from these investments, such as interest, dividends and capital gains, which may be subject to taxation. Tax Offset: It is important to check whether there is a possibility of offsetting any taxes paid abroad, avoiding double taxation. Consequences of Omission: Failure to declare investments abroad may result in penalties and fines from the Federal Revenue Service.

To avoid double taxation between Brazil and another country, you can consider the following strategies: Double Taxation Agreements: Check if there is a Double Taxation Treaty between Brazil and the country in question. These treaties usually establish rules for defining where taxes should be paid and allow for the offsetting of taxes paid abroad. Tax Offset: When declaring your income, you can report taxes already paid abroad. This can allow you to offset these amounts against the tax payable in Brazil, reducing your overall tax burden. Investment Structuring: Carefully planning the structure of your investments can help minimize exposure to double taxation. For example, choosing investment vehicles that are taxed more favorably in both countries.

Individual Tax specialists can be extremely beneficial in several ways: Personalized Tax Planning: Specialists can develop personalized strategies to optimize your tax situation, considering your financial specificities and long-term goals. Understanding Tax Laws: They help decipher complex tax laws, both in Brazil and abroad, ensuring that you are compliant and avoid penalties. Identifying Savings Opportunities: Professionals can identify deductions and tax credits that you may not be aware of, enabling you to reduce your tax burden. Income Tax Return: They help prepare and review your Income Tax Return, ensuring that all income, assets and rights are correctly reported. Double Taxation Management: Consultants can provide guidance on how to avoid double taxation, helping you maximize your returns on overseas investments. Audit Support: Should you face an audit by the IRS, these experts can provide support and guidance, ensuring that you have all the necessary documentation and that your rights are protected. Continuous Update: They keep you informed of changes in tax legislation that may impact your tax situation, allowing you to react proactively. Count on the expertise of Drummond Advisors' Individual Tax advisors to navigate safely and efficiently through the complex tax universe, ensuring that your tax obligations are met and your finances optimized.

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