In case you have assets and/or rights abroad, be aware of the deadline for providing the Statement of Brazilian Investment Abroad (“DCBE”) which ends on April 5, 2024.
All individuals or legal entities residing, domiciled, or headquartered in Brazil with assets and/or rights abroad exceeding USD 1,000,000.00 are required to submit the DCBE.
Deadlines for Declaration Delivery to the Central Bank:
- Assets and/or rights with total amount equal to or higher than USD 1.000,000.00: on the base-date of December 31, individuals and/or legal entities must submit the Annual Statement from February 15, 2024 to April 5, 2024, by 6PM.
- Assets and/or rights with total amount equal to or higher than USD 100,000,000.00:On the date-base of March 31, June 30 and September 30 of base-year, individuals and/or legal entities must submit the Quarterly Statement, as below:
- Base-date March 31: from April 30, 2024 to June 5, 2024, by 6PM.
- Base-date June 30: from July 31, 2024 to September 5, 2024, by 6PM.
- Base-date September 30: from October 31, 2024 to December 5, 2024, by 6PM.
ATTENTION!
In case of failure to deliver the DCBE or late delivery, the individuals and/or legal entities will be subject to a fine penalty up to BRL 250,000.00.
We are available to assist you in this matter. If you need any assistance, please send an email to [email protected]. [email protected].
