Friday April 19, 2024

1.8.2 Brazil

Brazil

Trusts: Trustees must withhold 30% of the taxable amount paid from a U.S. non-grantor trust to a nonresident alien who is a resident of Brazil.

CGAs: U.S. charities issuing charitable gift annuity payments to nonresident alien with a residence in Brazil must withhold 30% of the taxable amount.

Gifts made to U.S. charities by citizens or residents of Brazil without U.S. source income are not deductible against Brazilian or U.S. income taxes. Gifts made to Brazilian charities by citizens or residents of the U.S. without Brazilian source income are not deductible against Brazilian or U.S income taxes.

Trusts

Trustees must withhold 30% of the taxable amount paid from a U.S. non-grantor trust to a nonresident alien who is a resident of Brazil. Sec. 1441(a)

CGAs

U.S. charities issuing charitable gift annuity payments to a nonresident alien with a residence in Brazil must withhold 30% of the taxable amount. Sec. 1441(a).