I know that when entering Brazil with over R$10K (or equivalent), these financial goods need to be declared on a e-DPV. However, it is not clear whether the Receita Federal would tax me on this money.
For context, I am a Brazilian citizen, travelling back from the USA, where I earned the money and paid income tax on it.
I couldn't find a resource that clearly stated you should (or shouldn't) pay any taxes on it, but reading the instrução normativa (art 6º, §4º) published by the Receita Federal about tax treatment applicable to traveller goods it seems that taxes should be paid only if you bring goods above the US$500 limit, but not cash.
It seems you must only fill the e-DPV and present it to Receita Federal before passing through the x-ray scanners so that the e-DPV has legal validity.
There are no tax to pay when you enter Brazil. If you have more than R$ 10.000,00 you will pay it in your Tax return (Imposto de Renda).
There are a verification of amount of your declaration.
The previous answer from Afetter is right. I did enter Brazil with over R$10K and didn't pay any taxes. You have to fill the e-DPV and declare it to the customs officer of the Receita showing the printed form (after the passport checking by the Policia Federal). They will count the money.
If you don't declare the money and they find it, then it will be confiscated and you'll lose it!
