Brasília – The capital gains tax levied on remittances from Brazil to other countries will change, as per the Federal Revenue Secretariat’s ruling 1732/2017 published this Tuesday (29) on the Federal Gazette.
The Federal Revenue Service said the move is designed to reflect a change in the capital gains tax. Last year, Brazil’s government announced new income tax rates on gains deriving from the sale of goods and rights.
A 15% charge used to be levied on any capital gains. Now, there are four different brackets: 15% for gains of up to BRL 5 million, 17.5% for up to BRL 10 million, 20% for up to BRL 30 million and 22.5% for over BRL 30 million.
*Translated by Gabriel Pomerancblum
PUBLICIDADE
