What taxes do I have to pay when I declare the capital gains from my Nomad Investment Account in the Capital Gains Calculation Program of Brazil?

Capital gain income tax rates
Amount of the capital gain	Income tax rate
Up to BRL 5 million*	15%
Between BRL 5 million and BRL 10 million	17.5%
Between BRL 10 million and BRL 30 million	20%
Greater than BRL 30 million	22.5%

*As a general rule, the capital gain derived from the sale or disposal of assets abroad of small amounts (in which the total amount of the transaction in the month does not exceed BRL 35,000.00) is exempt from income taxation in Brazil. Also, foreign exchange gains derived from the sale or disposal of assets originally acquired in foreign currency are exempt of income taxation in Brazil.

Notwithstanding the aforementioned income tax exemptions, the transactions shall still be declared before the Brazilian IRS.