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29/08/2017 - 15:29hs
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Revenue Service regulates remittances

The capital gains tax levied on remittances from Brazil to other countries has changed. Instead of a single 15% charge, now there are four different tax brackets.



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

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