The Brazilian IRS has published Normative Instruction 2.180/24 (IN 2.180/24) on the taxation of foreign income earned by resident individuals.
It applies to non-interest bearing deposits abroad, foreign currency held in kind, financial investments, controlled entities and trusts abroad, as well as the option to update the value of assets and rights abroad.
The instruction regulates Law 14,754/23 and gives individuals until 31 May 2024 to notify and u...