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Brazil: Annual Procedures to Keep Your CPF Number Valid

By Jose Santiago Every person who holds a CPF number, regardless of whether they are living in Brazil or not, and was dispensed from presenting the regular Income Tax or "Declaracao Anual de Ajuste de Imposto de Renda" in April of this year is required to file a "Declaracao Anual de Isento" known as DAI. This is needed to keep the CPF number in good status, otherwise it can be suspended. If you are a CPF holder and do not file any of the above declarations for two (2) consecutive years, your CPF will be suspended. For those who missed last year‘s period for the DAI, their CPFs will be marked as "pending regularization". If that is your case, you can have it regularized by paying a fine and presenting some documents at any "Receita Federal" branch office. That can be done personally, although for non-Portuguese speakers, I do not recommend spending the day at a "Receita Federal" because it requires a lot of talking, so go with someone that speaks Portuguese. Nonetheless, the easiest way to solve this issue is having your CPA or your Attorney do that for you. This year the deadline for the DAI began on September 1, 2006 and goes up to November 30, 2006. The Receita Federal published the new rules and the new cap for this year‘s DAI. This is how it works: If you are a CPF holder who did not have taxable income during the fiscal year of 2005 or did, but below the new cap of R$ 13,968.00 must file the DAI through the following ways - Internet, at: http://dai.receita.fazenda.gov.br/aplicacoes/atcta/isentos/2006/dai.asp Affiliated lottery branches Affiliated Banks, such as "Banco do Brasil" and "Caixa Economica Federal" Affiliated "ECT" Post Office Branches Nonetheless, caref is required when filling out the forms, as the information provided has legal consequences. This article is not intended to serve as legal advice on how to do it yourself, it is merely explanatory, please always consult with a professional. The Receita Federal‘s website has more detailed information and instructions on how to file the DAI, but is presented in Portuguese; the site‘s address is: http://www.receita.fazenda.gov.br/PessoaFisica/Isentos/Orien tacoes/default.htm Should you need additional information, please contact Receita Federal and/or your own CPA or Attorney. Jose C. Santiago Multinvest / Elite International Licensed Attorney - Brazil Licensed Real Estate Agent - USA Phones: (55-11) 9348-5729 - São Paulo, Brazil (800) 983-7060 - Miami, USA Website: www.josecsantiago.com Skype: josecsantiago MSN: josecordeirosantiago@hotmail.com Previous articles by Jose: How to Hire a Lawyer in Brazil Part 3 How to Hire a Lawyer in Brazil Part 2 How to Hire a Lawyer in Brazil Part 1 Tax Information for Foreigners in Brazil Part 4 Tax Information for Foreigners in Brazil Part 3 Tax Information for Foreigners in Brazil Part 2 Tax Information for Foreigners in Brazil Part 1 8 Reasons to Invest in Brazil's Real Estate The Brazilian Resident Investor Program for Foreigners Brazil: Annual Required Procedures to Keep Your CPF Number Legal Aspects of Acquiring Real Estate in Brazil

10/5/2006