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Annual Declaration of Brazilian Capital Abroad 2021

Central Bank of Brazil: Annual Declaration of Brazilian Capital Abroad 2021
Individuals and legal entities resident or domiciled in Brazil that have assets and amounts outside the Brazilian territory must declare said information to the Central Bank of Brazil, as mentioned below. Brazilian capital abroad is considered as assets, financial instruments, real estate and cash in foreign currencies, among other assets.

Individuals and legal entities that, on December 31, 2020, had assets (properties and rights) abroad totaling at least US$ 1.000,000.00 or its equivalent in other currencies, shall provide the Central Bank of Brazil with the annual declaration of Brazilian Capitals Abroad (CBE) until 6:00 pm on April 5, 2021. This value previously was US$ 100,00.00.

Individuals and legal entities holding amounts equal to or exceeding US$ 100,000,000.00 or its equivalent in other currencies must report to the Central Bank of Brazil on a quarterly basis, according to the following schedule:

1. The quarterly statement referring to the base date of March 31 must be provided in the period between April 30 and 6:00 pm of June 7;

2. The quarterly statement referring to the base date of June 30 must be provided in the period between July 31 and 6:00 pm of September 6; and

3. The quarterly statement referring to the base date of September 30 must be provided in the period between October 31 and 6:00 pm of December 6.

If the amount subject to the declaration is susceptible to changes resulting from an audit process in financial statements, the declarant must file the declaration within the regular term and, within 60 days after the expiration of such term, update the declaration with the definitive, correct and complete information.

Our corporate, tax and private client practice areas are available to assist you, as well as to clarify any doubts that may arise on the above matter.
 
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Data from Brazilian News Agency.

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Vaz de Almeida

VAZ DE ALMEIDA ADVOGADOS is an independent Law Firm, dedicated exclusively to giving Legal Support for foreign companies in Brazil, as well as for Brazilian companies operating in the country and abroad. We specialize in unblocking the barriers that compromise executives' time and energy, so that they can focus on the work that really matters: exceeding their shareholders' expectations.