INTERNATIONAL TAX CONSULTING
Tax Consulting Department assist our clients in a variety of ways analyzing the applicable tax aspects regarding their projects.
TAX COMPLIANCE & BOOKKEPING
Tax Compliance Department assist our clients in a variety of issues so they can assure full compliance with the applicable tax filing requirements in each jurisdiction.
ENTITY FORMATION
BT7 Partners’ tax compliance team assist our clients in forming entities in several jurisdictions such as: United States of America and Canada; Europe and others.
BUSINESS ADVISORY
Business Advisory Department assist our clients to define the most suitable and efficient strategies to be implement so their business can thrive in the U.S.
INTERNATIONAL TAX CONSULTING
Tax Consulting Department assist our clients in a variety of ways analyzing the applicable tax aspects regarding their projects.
TAX COMPLIANCE & BOOKKEPING
Tax Compliance Department assist our clients in a variety of issues so they can assure full compliance with the applicable tax filing requirements in each jurisdiction.
ENTITY FORMATION
BT7 Partners’ tax compliance team assist our clients in forming entities in several jurisdictions such as: United States of America and Canada; Europe and others.
BUSINESS ADVISORY
Business Advisory Department assist our clients to define the most suitable and efficient strategies to be implement so their business can thrive in the U.S.
ABOUT US
BT7 Partners is a company that started from the daily experience with Brazilian and Latin American clients interested in immigrating, doing business or investing in the USA.
Thousands of people with one dream in common: new opportunities on the personal, family and professional levels. To build or to start creating a new life.
ABOUT US
BT7 Partners is a company that started from the daily experience with Brazilian and Latin American clients interested in immigrating, doing business or investing in the USA.
Thousands of people with one dream in common: new opportunities on the personal, family and professional levels. To build or to start creating a new life.
SERVICES
OUR TEAM
PUBLICATIONS AND EVENTS
Mudanças em regras tributárias nos EUA afetam Brasil
O Sócio Luis Guilherme Gonçalves colaborou com a matéria divulgada [...]
Quer dar certo nos Estados Unidos? Transforme seu sonho em projeto
Por Antonio Britto, 67 anos, jornalista, com longa carreira no setor [...]
Sustainable Investment Webinar
The event was held in partnership with Alliance Bernstein (one [...]
CASO AB LLC & BD Holdings LLC
Caracterização de Estabelecimentos Permanentes de empresas norte-americanas na África do [...]
CASO KAISER
Artigo Originalmente Publicado na Obra ‘Tributação Internacional: Análise de Casos [...]
Taxation changes in the relationship between Brazil and Germany
Almost thirty years from the beginning of its operation, the [...]
FAQ
Each financial year has a different weight for the purposes of the calculation (the current year of the test considers 100% of the days; the previous year considers 1/3 of those days; the year before that considers 1/6 of the days). If the total sum exceeds 182 days, the person becomes a tax resident for the current year. The effects of characterizing this residency as such may be retroactive to the first day of presence in that particular year.
As a rule of thumb, yes. However, it is necessary to be aware of compliance with your visa requirements concerning the connection to the educational institution. In addition, you must deliver the respective annual form to the North American fiscal authority, the IRS, as mentioned in question 3 above. It is important to highlight that some revenue may eventually not be covered by exemption, thus requiring a more thorough analysis of the concrete case.
When working for an American employer, it is necessary to take the Substantial Presence Test mentioned in question 4 in order to determine your tax resident status in the country. However, if the person already has a Green Card, they automatically become a tax resident.
If you have not formalized your Definitive Exit from the country, by delivering the respective Statement to the Federal Revenue, you are required to file income tax returns in Brazil, even if you are also considered a tax resident in the United States.
However, there will be other consequences, such as the impossibility of adopting the SIMPLES Nacional regime through the companies in which you are a partner. Another example is the impossibility of continue to manage these companies, as well as not being able to use the Reduction Factor for the purposes of Capital Gains calculations.
The Statement of Definitive Exit may also restrict the financial investment portfolio in Brazil, almost limiting said portfolio to investing in some funds, CDBs and Private Pension Funds.
In other words: you must be cautious, you must know all the consequences and plan this step very well ahead of time.
Contact us
7680 Universal Blvd, Suite 380 – Orlando, FL 32819
1390 Brickell Ave, Suite 310 B – Miami, FL 33131, USA
Rua Pedroso Alvarenga, 1254, Suite 112, Itaim Bibi, São Paulo-SP, 04531-911, Brazil
+1 (407) 371-5600