TAXATION IN BRAZIL
–PERSONAL INCOME TAX– personal income tax in brazil in taxed based on Individual’s income
-CORPORATE TAXES- 15 percent of ‘ACTUAL PROFIT’ OR ‘PRESUMED PROFIT’
-Surtax of 10 percent for yearly income over BRL 240,000 ;
110,000 additional included for social security.
-CAPITAL GAIN
CORPORATE capital gain is taxed as normal income and thus included in normal income
individual capital gain is taxed at a specified rate
-Social security
-Federal social contribution
-Federal excise tax
-Municipal service tax
-Sales and service tax
ALLOWABLE EXPENSES
Expenses allowable for tax purpose are specified by law
Disclaimer; we made effort to present tax information; however we disclaim all liability as a result of reliance on this article. Consult your professional