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I agree that Brazil has in general high taxes (especially for what you get in return from the government) but don't just assume this is true in every situation.
by ploomans 10y ago
I agree that Brazil has in general high taxes (especially for what you get in return from the government) but don't just assume this is true in every situation.
I'm a gringo "permanently" living in Brazil and from a tax standpoint it was actually better for me to open a Brazilian company. You don't have to pay taxes on dividends you get from Brazilian companies but you do have to pay taxes on dividends from foreign companies. + Depending on your margins opting for the "simples" tax regime may give you lower corporate taxes than a US/EU company
- edpichler 10y agoHello, I was comparing, and opening in USA would be almost the same that having the "Simples". In Brazil you don't pay tax on dividends because you pay higher taxes before. Otherwise you would paying double times. There are hidden taxes till you have the "dividends". And are you aware of the "Imposto de Renda" for companies and people? I am very curious what formula you used to compare and reach the conclusion that in Brazil it's lower. This is also against some studies http://www.doingbusiness.org/rankings http://www.doingbusiness.org/rankings