While a large majority of Brazilian cities are in the red, other municipalities are doing like a charm. They are even more likely to have exceeded one billion reais in revenue, according to the latest study by the Municipal Information Observatory.
Thirty years after the return of democracy and the entry into force of the Federal Constitution of 1988, the debate on justice and the activism of the Judiciary is hardening in Brazil.
Brazil has adopted, since 1995 (Law 9.249), the principle of universality of income. This means that all income of people residing in Brazil for tax purposes, including those received abroad, is subject to income tax.
The succession of assets located in Brazil is one of the most inquired topic nowadays. First of all, article 10 of the Law of Introduction to the Norms of Brazilian Law (Decree-Law nº 4.657/42), establishes the general rule according to which the succession of property by death obeys the law of the country in which the deceased was domiciled, regardless of the nature and location of the property.
The Normative Resolution nº40/19 of the National Immigration Council grants retired foreigners able to justify a monthly transfer to Brazil of at least 2,000.00 USD (two thousand North American dollars) the possibility of residing in Brazil. Migration Law no. 13.445/17 replaced the Foreigner Status which had been in force since 1980.
699.3 billion reais. This was the gross domestic product (GDP) of the city of São Paulo alone in 2017, equivalent to those of 4,305 other municipalities in Brazil, according to data from the Brazilian Institute of Geography and Statistics (IBGE). revealed this Friday.
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