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