Income Tax and Brazilian Capital Abroad: DPC's event clarifies doubts about the individual's tax obligations

Domingues e Pinho Contadores, on March 4 and 5, respectively in São Paulo and Rio de Janeiro, promoted the seminar Obrigações Fiscais das Pessoas Físicas: Imposto de Renda e Capitais Brasileiros no Exterior (Tax Obligations of Individuals: Income Tax and Brazilian Capital Abroad, in English). The editions of the event highlighted important points in the IRPF and CBE reports, in addition to addressing good practices for offshore companies.

In São Paulo, Luiz Flávio Cordeiro, partner and director, started the morning of activities, giving a brief presentation of the DPC's operational fronts, highlighting the relevance of the themes and the expertise of the speaker. In Rio, Adriana Costa, partner and director of the taxes area, made the opening. “Our proposal is to contribute to the dissemination of these matters, bringing updated and quality information to our clients and the market”, justified the director.

Augusto Andrade (left), partner responsible for the Individuals Department at DPC, who is in charge of advising and consulting different taxpayer profiles, gave the exhibition.

The expert commented on the novelties of the IRPF program and detailed items that are often the target of doubts, such as investments and assets abroad, donations, assets and other special situations.

About CBE, Andrade explained the framework conditions, filling in information based on the market values ​​of the assets and the penalties imposed by Bacen. Assets and rights, real estate, deposits, loans, shares, interest in the capital of a foreign company, among other assets held abroad must be reported to the treasury authority.

The main issues that permeate the accountability of offshore companies to the Brazilian tax authorities were also presented. The professional highlighted the preparation of the annual financial statement as a good practice to be adopted, in addition to signaling how it is possible to obtain better results with the operations performed by shareholders, always maintaining compliance with the relevant legislation.