Not abroad! That's a whole different game. For example, people earning dividends from BVMF: PETR4 are NOT taxed. (PetroBras traded on B3, formerly Bovespa)Welcome to tax hell
Brazil introduces individual income tax bill affecting taxation of foreign investment income
According to the new bill, starting from 1 January 2024, foreign investments by Brazilian residents will be reported annually and at tax rates range from 0% to 22.5% based on annual income. Profits of entities controlled by Brazilians abroad would be taxed annually, starting from 1 January 2024...www.ey.com
Those who own NYSE: PBR.A or PBR are fvcked on their dividends and what you posted applies to them. The former is STILL tax-free. (PetroBras traded on NYSE)
Both same company.
There is a distinction that is easily solvable in Latin America. Very very easy to solve in Latin America. Almost too easy.
PS. With the right connections (you have to speak the language fluently) you can easily trade on B3 in Brazil. Also, anyone can get a CPF. If you are from Europe, Latin America easily has you covered. Use Google Translate (unless you also speak Portuguese: Compre um juiz por R$ 750 ). The article explains a lady who bought a judge for less than €150. Latin America is huge and they do NOT need Europe or USA. They have access to food, water etc etc. They just don't give a fvck! Of course, for those who are troublemakers, this cuts both ways.
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