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How do I redeem my international income?
To redeem your earnings you can make an international transfer via moneycorp. Data and documents may be required to carry out the process, including:
- Bank Name;
- Swift / BIC Code;
- IBAN Code;
- Recipient data;
- Account number in Brazil;
- Full address of the account holder.
Do I need to declare my investment?
For those who have investments above U$ 100 thousand or equivalent in other foreign currencies, it is necessary to declare Brazilian capital abroad to Central Bank. Above U$ 100 thousand, an annual declaration is required. If you have more than $ 1 million, you must submit a quarterly declaration.
Income Tax and Double Taxation
All amounts invested abroad must be declared in your Income Tax Return. Regarding the payment of taxes in some countries, the amount of investment tax is withheld at source. For this reason, you only need to declare the amount paid in your Income Tax Return. At the IRS website you can check all the countries with which Brazil has a double taxation agreement.
Count on moneycorp for the entire capital transfer process for international investments. Get in touch with our experts.
Note: This content is not intended as advice or any form of investment. Merely informative content. Image Credit: Unsplash
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