Quote:
Originally Posted by Dotty
Thanks Paul- proper answers.
Now for the part about moving money out of Brasil(CGT is one thing and moving money out is something else) -would you happen to know the taxe/s involved or percentage as the accountant said another 15% is applied which seems pretty high and I was also told this by an International lawyer in Natal who deals with property transactions.
Regards and respect
Dotty
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As far as I m aware you would only pay a 15% tax to transfer money of out of Brazil if you couldnt prove that taxes had been already paid i.e a Capital Gain tax or income tax in some etc and where the money had come from initially.
Other than that in all honesty I dont know of this 'extra bank international transfer' as i have never returned money yet. I had though asked many times in the past to various different Lawyers (business lawyers who supposely had experience in this, although some seemed to know very little in general strangely!!) about the ease and costing of tranferring money back out, when I was reseaching to start running a active business here in Fortaleza. None had answered about this extra tax, there are of cause standard internation bank charges which are high in Brazil, can vary somewhat from bank to bank some at around 2%.
My only advice on this one is to ask the same questions about your tax issues to a few different accountants, like I found with the lawyers, some seem to know more than others and you often get very different answers. Thats Brazil for you as you will well know, lol.
Regards