Hello,
1) When USD$1 (or more) = 5 Reais is there a way that we can maximize this difference and transfer a bunch to a personal Brazilian account? What are the implications of doing that? Double taxation?
I don't believe that the dollar will always stay this high so I was thinking if there was a way to always send money to a Brazilian account.
1-B) Hypothetically, let's say I want to transfer R$ 50.000 to a personal brazilian account but I have no current job. What would be the tax implications with the Receita Federal and what's the best way to save $$$ on that?
2) Hypothetically speaking if I quit my job in US and have no income but have life's savings and move to Brazil. Then I decide to open a Brazilian bank account to pay for bills (water, electricity, internet).
Will the receita federal tax my money saved up?
3) How can I find a good tax accountant that understand these things?
4) When sending monthly money to a family member in Brazil can that be viewed as gift? how do taxes work in this regard?
5) For American foreigners who live in Brazil and earn US income (maybe online), is the taxation higher or lower than when you lived in US?
Thank you y'all.