For those considering moving to Brazil

Individuals who have taken up permanent residence in Brazil are considered to have moved there and to be tax residents. The same applies to individuals who hold permanent residence permits in Brazil, as well as those with temporary residence permits if they have stayed in Brazil for more than 183 days within a 12-month period, or work for a local employer.

Tax residents are taxed on their worldwide income in Brazil, while non-resident taxpayers are taxed only on income sourced in Brazil.

Brazil has a progressive tax system, with rates ranging from 7,25 to 27,5%.

Brazil grants tax credit for taxes paid abroad, within the framework of a tax treaty or other mutual agreement.

Brazil does not levy wealth tax.

The tax year in Brazil corresponds with the calendar year.

The individual tax return in Brazil must be filed by the last regular business day of April in the year following the tax year.

The name of the tax authority in Brazil is Brazilian Revenue Service.

Brazil has tax treaties with approximately 40 countries, including Norway.

Brazil has property taxes at both municipal and federal levels. The municipal rates range from 0.3% to 1.5% and are assessed based on the property’s market value. The federal rates range from 0.03% to 20%, depending on the region and the use of the property.