As an accountant with experience dealing with the tax obligations of the Brazilian Federal Reserve, the equivalent of the US IRS, I provide foreign residents with the completed forms and documents needed to stay in compliance with Brazilian tax requirements. All holders of Brazilian resident visas are required to declare and pay taxes on monthly income generated in countries other than Brazil to the Federal Reserve. This includes Social Security payments, investment portfolio accounts, including IRA accounts, salary payments, royalties, and other forms of income. The tax obligations on investments accounts where the accounts are based may differ from those in Brazil. IRA accounts, for example, are taxed differently in Brazil than in the US. A yearly tax declaration with any additional payment is also due on April 30th of each year, no extensions allowed, although the declaration date was extended this year. US citizens are required to also file a US tax return however a tax credit on Brazilian taxes can apply. In addition, the Brazilian Central Bank, requires that foreign residents submit a yearly declaration of assets owned outside of Brazil, similar to what US citizens who are residents in Brazil are required to submit yearly to the US government regarding their Brazilian assets.
The experience I have analyzing income information and preparing tax documents goes back several years and has yet to result in any inquiries, audits nor any other prejudicial action from the Federal Reserve or the Central Bank.
Tax services are offered only in Brazil and apply to all states in Brazil.
The experience I have analyzing income information and preparing tax documents goes back several years and has yet to result in any inquiries, audits nor any other prejudicial action from the Federal Reserve or the Central Bank.
Tax services are offered only in Brazil and apply to all states in Brazil.
