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We've separated the most frequently asked questions on how we can help you design your dreams
BT7 PARTNERS
TRANSFORMING THE AMERICAN
DREAM INTO A PROJECT
GENERATING NEW
OPPORTUNITIES
We analyze the tax situation of your bussiness and your family interests
TAX
AND BUSSINESS
Business Advisory Department assist our clients to define the most suitable and efficient strategies to be implement so their business can thrive in the U.S.
Tax Compliance Department assist our clients in a variety of issues so they can assure full compliance with the applicable tax filing requirements in each jurisdiction.
BT7 Partners’ tax compliance team assist our clients in forming entities in several jurisdictions such as: United States of America and Canada; Europe and others.
Tax Consulting Department assist our clients in a variety of ways analyzing the applicable tax aspects regarding their projects.
BT7 Partners is a company that started from the daily experience with Brazilian and Latin American clients interested in immigrating, doing business or investing in the USA.
Thousands of people with one dream in common: new opportunities on the personal, family and professional levels. To build or to start creating a new life.
Tax compliance team assist our clients in forming entities in several jurisdictions.
Business Advisory Department assist our clients to define the most suitable and efficient strategies.
Tax Consulting Department assist our clients in a variety of ways analyzing the applicable tax aspects regarding their projects.
Tax Compliance Department assist our clients in a variety of issues so they can assure full compliance with the applicable tax.
Partner – Corporate Finance
Partner – Global Tax
Partner – Global Tax
Uma mudança nas regras tributárias americanas pode gerar aumento na carga tributária de negócios entre o Brasil e os Estados Unidos. Desde o início de janeiro, os americanos aumentaram as exigências para o aproveitamento de créditos tributários.
By Antonio Britto, 67 years old, journalist, with a long career in the Brazilian public and business sector. He is a permanent resident of the United States.
The event was held in partnership with Alliance Bernstein (one
Caracterização de Estabelecimentos Permanentes de empresas norte-americanas na África do
Artigo Originalmente Publicado na Obra ‘Tributação Internacional: Análise de Casos
In June 20th, 2002, U.S. and Brazil signed a CMAA
In the United States, in addition to the Federal Government, some states also collect Individual Income Tax. However, Florida, Nevada, Texas and Alaska, among others, do not collect this tax.
The states of California, New York and Hawaii.
For non-US citizens, tax residency in the country usually happens in the following scenarios: when receiving the Green Card, or when remaining in the country for over 182 days, which is called “substantial presence.” The way the 182 days are calculated may differ from other countries. In the United States, they take into account the days present not only in the current year, but also the two previous years.
Each financial year has a different weight for the purposes of the calculation (the current year of the test considers 100% of the days; the previous year considers 1/3 of those days; the year before that considers 1/6 of the days). If the total sum exceeds 182 days, the person becomes a tax resident for the current year. The effects of characterizing this residency as such may be retroactive to the first day of presence in that particular year.
As a rule of thumb, yes. However, it is necessary to be aware of compliance with your visa requirements concerning the connection to the educational institution. In addition, you must deliver the respective annual form to the North American fiscal authority, the IRS, as mentioned in question 3 above. It is important to highlight that some revenue may eventually not be covered by exemption, thus requiring a more thorough analysis of the concrete case.
First of all, it is important to clarify that, with formalizing the Definitive Exit, your Tax ID (CPF) number will not be automatically cancelled. In addition, it will not prevent you from having real estate properties and corporate participation in Brazilian companies.
However, there will be other consequences, such as the impossibility of adopting the SIMPLES Nacional regime through the companies in which you are a partner. Another example is the impossibility of continue to manage these companies, as well as not being able to use the Reduction Factor for the purposes of Capital Gains calculations.
The Statement of Definitive Exit may also restrict the financial investment portfolio in Brazil, almost limiting said portfolio to investing in some funds, CDBs and Private Pension Funds.
In other words: you must be cautious, you must know all the consequences and plan this step very well ahead of time.
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1390 Brickell Ave, Suite 310 B — Miami, FL 33131, USA
