Brazil vs Jersey
Tax systems side by side: income tax rates, corporate tax, VAT, withholding, special regimes and filing rules.
Overview
At a glance
Income tax
 BR
Brazil
|
 JE
Jersey
|
|
|---|---|---|
| Top rate | 27.5% | 20% |
| Effective top rate | 27.5% | 20% |
| Capital gains tax | 22.5% | 0% |
| Capital gains notes | Capital gains on assets: 15% up to BRL 5M, 17.5% on BRL 5–10M, 20% on BRL 10–30M, 22.5% above BRL 30M. Listed stocks: 15% (20% on day trades); sales up to BRL 20K/month on the B3 may be exempt. | No capital gains tax for individuals or companies. |
| Social security (employee) | 14% | 6% |
| Social security (employer) | 20% | 6.5% |
| Social security annual cap | $101,707 | $72,744 |
Withholding rates
Other taxes
Tax features
|
BR
Brazil
|
JE
Jersey
|
|
|---|---|---|
| Personal income tax | Yes | Yes |
| Capital gains tax | Yes | No |
| Corporate tax | Yes | Yes |
| VAT / GST | Yes | Yes |
| Wealth tax | No | No |
| Inheritance tax | Yes | No |
| Exit tax | Yes | No |
| CFC rules | Yes | No |
| Digital services tax | No | No |
| Crypto-specific rules | Yes | No |
| Participation exemption | No | No |
| Territorial exemption | No | Yes |
Special regimes
Active special regimes in Brazil
- Simples Nacional4% flat
Active special regimes in Jersey
- High Value Resident (HVR)1% flat
Residency and filing
|
BR
Brazil
|
JE
Jersey
|
|
|---|---|---|
| Residency threshold | 183 days | 183 days |
| Filing deadline | April 30 | 31 July online / 31 May paper (calendar year following year of assessment) |
| Automatic extension | No | No |
| Residency rules | Tax resident if present in Brazil for 183+ days in any 12-month period, or if holding a permanent visa on arrival (unless the holder leaves within 183 days and notifies departure). | Resident and ordinarily resident: liable on worldwide income (typical for people living and working in Jersey year-round). Resident but not ordinarily resident: Jersey-source income and overseas income remitted to Jersey; common for shorter employment contracts (under four years) and some visitors with a centre of life abroad. Non-resident: Jersey-source income with specified exemptions. Residence depends on length and frequency of visits and whether accommodation in Jersey is available for your use (staying one night in available accommodation can make you resident for the year). Spending 183 days in a tax year is a standard benchmark; habitual visits averaging more than 90 nights per year over four years can make you ordinarily resident from year five. Short-term business visitors working in Jersey for 60 days or fewer per year are not liable to income tax from 2024. |
| Filing notes | Calendar-year annual return due by the last business day of April (typically 30 April). Mandatory filing thresholds follow Receita rules; with 2026 reductions, many with taxable income up to BRL 60,000/year may have no annual IRPF due after the annual reduction table. | Personal returns for a calendar year of assessment are due the following year: 31 May for paper filing and 31 July for online filing. Employees commonly pay through the Income Tax Instalment System (ITIS) during the year. |
| Exit tax details | Deemed disposition of certain assets at market value on departure; final annual return and exit procedures apply. | — |
| CFC rules details | Brazilian residents controlling foreign entities are subject to CFC rules on passive income and certain foreign profits. | — |