Effective Tax Rate for Rental Income on Brazil Property
By David Garner – Managing Partner, David Garner Consulting
Rental Income: Non-residents earning rental income from Brazil property are taxed at a flat rate of 15%.
Rental income earned by non-residents who reside in low-tax territories are taxed in Brazil at a rate of 25%.
Capital Gains: Capital gains tax is levied at a flat rate of 15%.
Inheritance: Inheritance and gift taxes are imposed at progressive rates depending on the value of the inheritance. The maximum tax rate is 8%.
Residents: Residents are taxed on their worldwide income. Income tax is levied at progressive rates, up to 27.5%.