Bluze
2/13/2013 01:31 EST
I am retired and a disabled vet moving to Brazil,my wife is a Brazilian citizen and I have a permanent resident visa.My govt pension and veterans compensation are direct deposit in my US bank and I use an ATM withdrawal to pay expenses.Do I have to declare income in Brazil,I am paying tax on my pension in the US.
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spen007
2/13/2013 08:12 EST
Hello,
I am assuming your application for permanent visa was based on your marriage to a Brazilian and not your pension? The latter also making it possible to obtain a perm. visa.
Go here - http://brazilianlawblog.com
Adler is a good guy and honest.
Good luck,
Spencer
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spen007
2/13/2013 08:18 EST
Here´s another:
http://www.taxesforexpats.com/expat-tax-advice/why-file.html
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aneill
From: Brazil
2/13/2013 08:22 EST
Hi there!
In my situation...I am Canadian, retired and a permanent re3sident here...I also have my pensions direct deposited and use a card to take out the funds here (hint, don't leava a big balance in your account because there is cloning here and they will take whatever is there. When i get my deposit, i take it all out and keep it in a safe.) but I also file a Canadian tax return where I claim my pensions.
The thing is that I also pay tax deducted at source so I do not get double taxed.
If you don't have other brazilian or World income, then even if you file a return you should be OK.
At least that's my opinion.
Andy Neill
Fortaleza Adventure
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spen007
2/13/2013 08:23 EST
Another thought.... I´ve sen some strange goings on here especially with Receita Federal. Think about this..... Receita Federal trying to impose a tax on each transaction/withdrawal or payment made with your ATM card. Based upon them claiming you are in effect doing a cambio or transfer of foreign funds to Brazil. Wow! Now wouldn´t that take the cake! Think Murphy´s Law homeboy!
Good luck,
Spencer
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Bluze
2/13/2013 10:08 EST
Are you talking about someone cloning your card?That can happen anywhere but my suggestion for that is open another account,savings perhaps, transfer your money to that savings account at your bank online after deposit and only use that account to transfer from to the one you use the ATM on.Do not use the other ATM linked to the savings unless it is an emergency.My question is do I have to report that as income or not.My household will not be showing income at all.And my veterans compensation is tax free in the USA as it is disability comp so that too should not be taxed in Brazil?
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nickfla1980
2/13/2013 14:53 EST
Answer is No, because it's not an income in Brazil, but you do have to file your tax return to the IRS (USA). If you don't, they can (and will) come after you. All US citizens and foreigners who hold a US passport must file taxes to the IRS, no matter where they live.
It's very easy, keep your bank account in the US, pin money out, deposit on your wife's or joint, whatever works, brazilian bank account and pay bills online. Many of foreign born friends in Brazil do that.
Cloning is worldwide problem. Where I live, Miami Florida, it is rampant. Brazil is about to change to the European style chip version which is less vulnerable of cloning.
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Vegas12
3/13/2013 01:40 EST
I was just in Brazil got married and now my wife want me to live in Brazil. I was using a credit card a lot of the time. It seem to work for most things. I pay it from my US account. I think this could another way to pay your way. My wife has a second card. It was interesting that in the local grocery they did not ask for ID. In the mall shops they did. This is another way to us your money outside Brazil.
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Bluze
3/13/2013 10:06 EST
As I have learned it is better to find a bank that charges no foriegn transaction fees such as Capital One and open 2 linked accounts with debit cards one for you one for the wife.You can transfer money between accounts instantly online and if you use HSBC ATMs in Brasil there is no fee.Leave your money in the USA and pay no income tax in Brasil as you have no income made here.If you get an RNE and a CPF you can get a bank account here but they money will be taxed and the USA will let you deduct that as a credit on your USA tax.HSBC is funny sometimes you can take a withdrawl of R1000.00 sometimes only R300.00.That is where 2 accounts helps if you need more money to pay bills.As always try to have some cash on hand in case of any ATM problems.Good luck on your move,I retired and have been here 1 month with my wife.Get registered and get your RNE and you will be all set!Good luck!
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