Is Your Offshore Company Costing You 15%?
Is Your Offshore Company Costing You 15%?
Brazil treats your foreign company’s profits as yours on Dec 31 — even if the money stays offshore. No deferral, no exceptions. It’s the law under Lei 12.973/2014.
150%
❝ For many expats and investors, this comes as a shock.
✓ Calculate your foreign profit correctly ✓ File your Brazilian tax return by the deadline ✓ Pay the 15% flat tax annually
✗ I can avoid tax by never bringing profits back to Brazil.
Who is considered a controller?
DICA
Don’t gamble with penalties up to 150%. Understand your obligations and file correctly.