I receive payments from other international accounts in my Nomad Checking Account. Do I have to declare these deposits in Carnê Leão? How?

Yes, if you receive payments from foreigners in your Nomad Checking Account, it is necessary to declare them in “Carnê Leão”. Income received by a Brazilian from an international source must be declared and the recipient will have to pay income tax over such amounts under the monthly payment method known as “Carnê Leão”. Consult the table of rates charged progressively here.

Ps.: capital gains from the disposal of assets abroad and from the redemption of financial assets located abroad are taxed differently. Find more about it clicking here.

The “Carnê-Leão” Tax Return shall be filed and sent through the software program made available by the Brazilian IRS in the following link:

Carnê Leão 2020