What is the capital gains tax rate on index funds in Brazil?

The headline capital gains tax rate in Brazil is 15%. Capital gains tax on stocks. Allowances, holding periods and tax-advantaged accounts can change what you actually pay.

How much tax would I pay on a $100,000.00 gain in Brazil?

At the headline rate of 15%, a $100,000.00 gain would attract roughly $15,000.00 in capital gains tax, leaving $85,000.00 before any allowances.

How does Brazil compare with the rest of LATAM?

The average headline capital gains rate across LATAM in our dataset is 11.4%, so Brazil at 15% is above the regional average.

Index Fund Taxes in Brazil

Investors in Brazil face a headline capital gains rate of 15% on index funds and ETFs. Capital gains tax on stocks.

Headline rate: 15%
Tax on a $100,000.00 gain: $15,000.00
LATAM average: 11.4%

What this means for your returns

Tax applies to your gain, not your whole balance. If you invest and your portfolio grows by $100,000.00, a 15% rate leaves you with $85,000.00 of that growth before allowances.

Because the tax is usually triggered when you sell, holding for longer defers it and lets the untaxed amount keep compounding. That deferral is one of the structural advantages of buy-and-hold index investing over frequent trading.

Run your own projection with Brazil tax applied →

How Brazil compares in LATAM

Capital gains tax rates across LATAM
Country	Capital gains rate
Ecuador	0%
Peru	5%
Paraguay	8%
Chile	10%
Colombia	10%
Dominican Republic	10%
El Salvador	10%
Guatemala	10%

Frequently Asked Questions

Headline statutory rates as of 2025-01-01, collected from national tax authority publications. Rates exclude allowances, exemptions, tax-advantaged accounts, local surcharges and treaty relief, and change frequently. Confirm your position with a tax professional in Brazil.