Weekly Articles

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Brazil: A new voluntary disclosure is coming

By David Roberto R. Soares da Silva Exactly five years ago, the first foreign asset voluntary disclosure program in our history began in Brazil. Called the Special Regime for Currency and Tax Regularization (RERCT), it became known as ‘amnesty.’ Despite the precarious drafting of the law and threats from the Federal Revenue Service, the program successfully […]

Foreign capital registration in Brazil – An Overview

By David Roberto R. Soares da Silva Foreign capital entering Brazil requires registrations that varies depending on its purposes. The Central Bank of Brazil is the authority in charge of foreign capital registration through the Electronic Declaratory Registry (Registro Declaratório Eletrônico, or RDE).

The First Income Tax Return for Expatriates Residing in Brazil

By David Roberto R. Soares da Silva As of today (March 1, 2021), Brazilian resident individuals have to report their taxes to the Federal Revenue Department by filing their annual tax returns. The deadline for the filing is April 30, 2021, and it applies to expatriates residing in Brazil in 2020. Expatriates coming to work in […]

Acquiring Brazilian Residency for Tax Purposes

By David Roberto R. Soares da Silva Like most countries, Brazil taxes individuals based on their residency rather than citizenship or other criteria. Therefore, determining a person’s residence in Brazil directly impacts that person’s tax treatment and tax reporting obligations.

Exposure of foreigners to Brazilian succession laws, probate, and taxes

By David Roberto R. Soares da Silva Foreign individuals with property in Brazil may be subject to local succession laws and probate if they hold property in their name or are married to a Brazilian spouse or have Brazilian children.

Compliance in Brazil: Internal Investigations and Disciplinary Measures

By Edmo Colnaghi Neves Once the complaints have been received through the appropriate channel or even once the company becomes aware of potential violations by other means, it is time to conduct internal investigations to ascertain whether there are grounds for such complaints. If so, the organization has to take action according to the legislation and […]

Compliance in Brazil: Reporting Channels

By Edmo Colnaghi Neves Compliance activities are not limited to preventive measures. Responsive and investigative efforts are also part of the compliance framework. These activities aim to identify violations of the Law, internal rules, and ethical principles. After all, despite all the guidance and standardization of a compliance program, there are always those who insist on […]

Compliance in Brazil: Training

By Edmo Colnaghi Neves Training is often underestimated in the legal profession, which usually prioritizes the studies, draft of documents, and interpretation of laws.

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