The IR 1 advertisement with Offshore focuses on the mandatory balance and the selection of the system economy
Taxes will be imposed on the investor who has an external company in countries that have preferred taxes – the “tax havens” that have been demobilized – for the first time by announcing this year’s income tax (IR), in reference to the fiscal year 2024. It is taken under Law 14,754, which was approved at the end of 2023, which brought changes in the statement from ABROAD. Since the Tax Authority has already been informed that the delivery time continues from March 17 to May 30, experts are reviewing their customers’ talks on preparing mandatory balance, and the structure modifications in the face of choosing the tax system and understanding the contrast of exchange.
After all, what has changed? Previously, taxes on international goods and rents that were made through external companies were due to the distribution of money to the partner or if there was a personal spending within the company’s bank accounts, according to VAGNER QUITO, partner and founder of the 4TAX Group. That is, it was not imposed unless the capital abroad was used for personal purposes, as it is considered a distributed profit and the tax tax generation generates at 7.5 % to 27.5 % (according to the total income value), or capital profit (15 % to 22.5 %). Now the financial income rate is the annual and is 15 % constant. In addition, the losses are now allowed to compensate for the gains that have been implemented.
QUITO, from 4TAX, says it does not recommend that customers send an early income tax, as federal revenues can still provide some important information. More importantly, now, he says, is to achieve the Brazilian capital’s advertisement abroad (DCBE), because those who have more than a million dollars abroad in bank accounts, financial investments and other external assets need to be sent until 6 pm on April 7.
Balance becomes mandatory
What experts sought to accelerate is to prepare a public budget with a licensed accountant in the Brazilian standard (BR GAP), which has become mandatory for marine companies stationed in “tax havens”. “Many people use an international provider, but they are usually not registered in the National Accounting Council, which is mandatory,” Keto warns of 4TAX.
The choice of the system is unclear
Law brought 14.754/2023 the possibility of choosing for investors: a “transparent” system abroad for Brazilian tax purposes, that is, with taxes and exposure to heritage – as it is with investments in individuals. For companies that were created by 2023, this option should have already been made in the IRPF 2023/2024 advertisement; Those who chose not to choose the option of transparency automatically got the traditional system, which was called “non -transparent”. The option is “irreversible and irreversible,” according to the tax department. New companies will join the system at IRPF 2024/2025.
According to QUITO, from 4TAX, this was inspired by the United States model, in the face of reactions, unlike the unnamed gain tax. “With the adoption of transparency, the company has assets, but for the financial purposes of Brazil, the company does not exist. The investor announces every assets as if it was being held by individuals. Thus, a credit tax in accounts, for the positive result of what has already been done.” It indicates that the company’s portfolio is “open” in the statement, so the process is more arduous.
One of the defects in the transparent system is that all accounts in Reais, according to QUITO, which provides an example: in the case of assets of $ 100 that was purchased at the exchange rate at 4 dollars, up to $ 400, but it was sold at the exchange rate at $ 5.80, so at $ 580, there is 15 % of $ 180. $ 100, profit is zero and does not apply.
Also, Kito says the most conservative of the transparent investor is to announce all assets that have passed in the external portfolio that year. If there is a purchase of Apple procedures, for example, it has already been sold during that period, that is, the balance is zero, however it is necessary to inform.
In general, experts heard Broadcast (The real time system of the government group) confirms that Law 14.754/2023 was positive. In addition to collecting the largest government with taxes abroad, they mention the intention to follow international tax standards, especially in order to obtain a chair in the Organization for Economic Cooperation and Development (OECD).
