Do I have to pay taxes when bringing over R$10K into Brazil?
I know that when entering Brazil with over R$10K (or equivalent), these financial goods need to be declared on a e-DPV. However, it is not clear whether the Receita Federal would tax me on this money.
For context, I am a Brazilian citizen, travelling back from the USA, where I earned the money and paid income tax on it.
Best Answer
I couldn't find a resource that clearly stated you should (or shouldn't) pay any taxes on it, but reading the instrução normativa (art 6º, §4º) published by the Receita Federal about tax treatment applicable to traveller goods it seems that taxes should be paid only if you bring goods above the US$500 limit, but not cash.
It seems you must only fill the e-DPV and present it to Receita Federal before passing through the x-ray scanners so that the e-DPV has legal validity.
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How much money can I enter Brazil with?
Note that to enter in Brazil carrying more than the equivalent to R$10,000, travelers must submit the \u201cTraveler's Electronic Declaration of Goods (e-DBV)\u201d to Customs, declaring the amount held in cash, checks and travelers checks.How much cash can you bring on a plane to Brazil?
There is no limit on the amount of money any individual can bring into Brazil but if you're carrying R$10,000.Do you have to pay taxes in Brazil?
Individuals who are tax residents in Brazil are subject to federal income tax. Brazilian income tax rates for individuals are progressive and range from 7.5% to 27.5% for those liable to taxation. The minimum and maximum of each tax rate level is subject to changes each year.Why is Brazil import tax so high?
The simple reason why the overall taxes burden in Brazil are so high is simple: The government needs the money and Brazilians do not produce enough value per capita to handle the country's challenges. As an underlaying problem, Brazil has not managed to achieve institutional stability.More answers regarding do I have to pay taxes when bringing over R$10K into Brazil?
Answer 2
There are no tax to pay when you enter Brazil. If you have more than R$ 10.000,00 you will pay it in your Tax return (Imposto de Renda).
There are a verification of amount of your declaration.
Answer 3
The previous answer from Afetter is right. I did enter Brazil with over R$10K and didn't pay any taxes. You have to fill the e-DPV and declare it to the customs officer of the Receita showing the printed form (after the passport checking by the Policia Federal). They will count the money.
If you don't declare the money and they find it, then it will be confiscated and you'll lose it!
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