You have asked both a lawyer and an accountant about this "tax" yet continue to ask for more information on this forum, which, with respect, does not compare to professional advice.

How come you won't even repeat their advice in detail?

Who are you trying to mislead this time Dotty?

Dave ,

Might I suggest that you read this as it may help you.It has certainly helped me and he was able to give figures to help too!

There are plenty of figures being posted and all of them except yours use the names of the tax. I too have posted what taxes are paid, so why is it so hard for you.

Incidently, I have been hearing about a lot of problems with your favorite developer, you know the one where the oracle used to be. They seem to be doing all sorts of nasty things to their clients when they take out money that is owed to them.

There are several excellent developers in Brasil and none of which I have had a problem with and shall continue to enjoy good relationships with them.

Have a nice day .

As far as I m aware you would only pay a 15% tax to transfer money of out of Brazil if you couldnt prove that taxes had been already paid i.e a Capital Gain tax or income tax in some etc and where the money had come from initially.

Other than that in all honesty I dont know of this 'extra bank international transfer' as i have never returned money yet. I had though asked many times in the past to various different Lawyers (business lawyers who supposely had experience in this, although some seemed to know very little in general strangely!!) about the ease and costing of tranferring money back out, when I was reseaching to start running a active business here in Fortaleza. None had answered about this extra tax, there are of cause standard internation bank charges which are high in Brazil, can vary somewhat from bank to bank some at around 2%.

My only advice on this one is to ask the same questions about your tax issues to a few different accountants, like I found with the lawyers, some seem to know more than others and you often get very different answers. Thats Brazil for you as you will well know, lol.
Regards

In my experience the biggest problem you will have is the banks as they sometimes take the law upon themselves and decide for you whether to withhold tax on your payment regardless of whether you have paid tax previously or not. The reason they do this is because they are liable for tax payments if they haven't withheld the money and it is shown there was no tax paid.

Fortunately this doesn't happen very often but the best way to ensure it doesn't happen is to make sure the party paying you and the paying bank is talking to your accountant and that they all have the required paperwork.

Big Brazilian developers (like Dotty's favorite Delphi) are the worst to deal with in this regard, as just like big corporations everywhere they don't really care.

Paul,

Thanks for that.

D

As most of people informed you, please get in touch with an accountant who is used to make this kind of procedure.

But for sure you will have to pay 15% from the gains of each property sold, and basically you have to present several documents regarding the properties as well how the money got into Brazil.

Well I am making a transaction till end of this month so it might be possibel to give you a better update on this issue.

Ana

Can anyone a help a friend out with some information, he wants to know the best way of moving £15k from Brazil to the UK.

The cash was part of the $50k to get an investment visa. The money is currently in a Bradesco account. I would have thought he may be risking his visa but he doesnt think this is a problem. But is worried about getting stung for lots of tax. I cannot help him so thought I would ask here.

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www.coqueiro-verde.com

Tell him to see an accountant and a lawyer, it could save him a lot of money, plus I am certain there are conditions on the money you send in for a visa.

Rob

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