Tax-Optimization in Brazil 🇧🇷 Part 1: Personal Taxes
Everything you MUST know...
If you’ve been following Jake Nomada for some time, you already know that Brazil is an underrated country.
Plenty of bunda, amazing beaches, nature, nightlife…
Those who decide to give Brazil a shot, however, quickly notice one thing:
Brazil is NOT a territorial tax country.
Foreign income isn’t tax free. So that rules it out as good tax base to stay in most of the year, right?
Well, not necessarily.
Many people don’t know this, but Brazil can serves as a tax haven, especially for those with businesses or investments abroad.
Even those with business inside Brazil can still get good tax treatment under a certain size.
Most of my Brazilian clients pay something like 5-15% in income tax.
You won’t get to 0, but this is a realistic range for most expats, and this is what we’ll focus on today.
Today, we’ll cover:
Tax residency, how to get it and lose it
Main taxes in Brazil
Brazil’s secret tax loophole
Tax-optimization in practice
Let’s start with tax residence.
Note: None of this constitutes legal or financial advice. If you want a binding tax opinion, I’m glad to connect you to my lawyers and accountants in Brazil.