New Social Security Totalization Agreement between the U.S. and Brazil entered into force at the end of 2018. As a result, the U.S. Social Security Administration began accepting requests for Certificates of Coverage for U.S. individuals going to work in Brazil.
Many taxpayers will feel the impact of the U.S. tax reform law passed in December 2017 (Tax Cuts and Jobs Act (H.R. 1)) in their tax returns to be filed by April 15, 2019. Several of the measures affect the tax rates, thresholds, deductions, and credits that individuals – including those on international assignment – are used to. In this nine-minute video, KPMG professionals discuss some of the key measures and their impact on individuals on international assignment.