The 2025 Income Tax campaign started in Brazil on March 17, 2025. Until May 30, over 46 million taxpayers will be able to electronically file their returns to the Brazilian Tax Authority. Moreover, Receita Federal expects to receive nearly 3 million more returns compared to the 43.2 million filed in 2024. 

Who must file income tax returns in 2025? 

All individuals resident in Brazil who, during the 2024 calendar year, meet any of the following criteria are required to file income tax returns: 

  • Those who have received taxable income more than R$ 33,888.00 in 2024. This amount is higher than in the previous year (R$ 30,639.90) due to the widening of the exemption range. 
  • Taxpayers who received exempt income, not subject to tax or taxed exclusively at source, the amount of which exceeded R$ 200,000 in 2024. 
  • Those who have obtained, in any month of 2024, capital gains from the sale of goods or rights, or carried out stock market operations, with a total amount exceeding R$ 40,000. 
  • Persons who have enjoyed tax exemptions on capital gains from the sale of residential real estate and who have acquired another real estate within 180 days thereafter. 
  • Those who have had gross income above R$ 169,440.00 in rural activities during 2024. 
  • Those who have had, until December 31, 2024, assets or rights, including unbuilt land, with a total value exceeding R$ 800,000. 
  • Persons who have become residents in Brazil in any month of 2024 and have maintained this condition until December 31, 2024. 
  • Those who have opted to declare assets, rights and obligations held abroad through controlled entities, either directly or indirectly. 
  • Those who own a trust abroad. 
  • Those who have updated real estate assets by paying a differentiated capital gain tax in December 2024 (Law No. 14,973/2024). 
  • Individuals who have obtained income from abroad from financial investments and dividends. 

Updates on this 2025 campaign 

From this year 2025, the data of bank accounts abroad have been included in the telematic draft of the tax return. This measure was implemented following the related legislation that established the taxation of offshore entities (investment companies in other countries) and the income generated abroad.  

Due to the law that brought forward the collection of Income Tax for Exclusive Funds and taxed offshore investments, the income obtained abroad is now subject to a 15% tax rate.  

Until 2023, the payment was made monthly, but now it is made annually. In Brazil's 2025 Income Tax return, taxpayers reporting offshore investments can now declare both the income generated and the taxes paid, whether in Brazil or overseas. 

Lately, the South American country is reforming its tax system. Therefore, relying on a company like us makes it easier and ensures payroll management in Brazil, among other professional services. 

About Auxadi

Auxadi offers international accounting, tax, payroll, and legal services to multinationals and funds in over 50 jurisdictions, with 22 wholly-owned subsidiaries worldwide. Our experience and global presence allow us to provide tailored tax solutions, ensuring efficient management in compliance with local tax regulations.    

Contact us today and discover how we can facilitate your international expansion. 

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Auxadi can become your ideal partner. We offer a one stop shop value added outsourcing services in the areas of accounting and reporting, tax compliance, payroll management and representation services, among others.

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Founded in 1979, Auxadi is a family-owned business working for multinational corporations, private equity funds and real estate funds. It’s the leading firm in international accounting, tax compliance, payroll, transfer pricing, and corporate legal services management connecting Europe and the Americas with the rest of the world, offering services in 50 countries. Its client list includes many of the top 100 PERE companies. Headquartered in Madrid, with offices in US and further 26 international subsidiaries, Auxadi serves 1,500+ SPVs across 50 jurisdictions.

All information contained in this publication is up to date on 2024. This content has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice.No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this content, and, to the extent permitted by law, AUXADI does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.