Quarterly CBE: next submission to the Central Bank must be made by September 5

Individuals and companies holding at least US$ 100 million worth of assets abroad must file the Quarterly CBE

Another deadline is approaching for the quarterly submission of the Statement of Brazilian Capital Abroad (CBE), which applies to assets held outside Brazil by residents in the country. The upcoming statement must be filed by 6 p.m. on September 5.

Resident individuals or companies that held assets abroad totaling US$ 100 million or the equivalent thereof in other currencies, as of the base date of June 30, 2022, are subject to this Central Bank requirement.

Assets consist of goods, rights, financial instruments, cash and equivalents in foreign currency, bailments, real estate, ownership interest in companies, stock, securities, trade credits, etc.

According to the Central Bank, complying with this reporting obligation is crucial for defining statistics on foreign assets.

Sanctions

Failing to submit the statement or to comply with the other legal obligations warrants a fine ranging from R$ 2,500 to R$ 250,000, with a possible 50% increase in some cases.

Read more: Obligations on the provision of information to Bacen in 2022

Compliance with the Central Bank

Thanks to its departments dedicated to meeting Central Bank requirements, DPC provides individuals and companies with instructions to comply with the obligations set forth by the authority. You can rely on our support to remain in good standing:  dpc@dpc.com.br.