ECD 2024: check out the deadline and rules for this year's submission

Requirement must be filed by June 28

Legal entities must keep in mind the deadline for filing the Digital Accounting Bookkeeping (ECD 2024). This year’s submission must be made using Public Digital Bookkeeping System (Sped) by June 28, the month’s last business day.

As the ECD data contributes to the completion of the Tax Accounting Bookkeeping (ECF), proper submission of the former is considered an essential step to ensure compliance with the following obligation.

Key aspects of this tax requirement include:

What should be included in the ECD?

The ECD consists of the following accounting books in digital format:

• Accounting journal and its accompanying documents, if any;
• General ledger and its accompanying documents, if any; and
• Daily trial balances containing balance sheets and proofs of the corresponding accounting records.

It should be noted that the aforementioned files must be signed electronically, using a digital certificate issued by an entity accredited by ICP-Brasil. This procedure is crucial for ensuring the document's authenticity, integrity, and legal validity.

See also: Issue or renew your digital certificate through DPC

Companies should exercise caution when selecting the accountants responsible for signing their bookkeeping records, as the Federal Revenue Service has been intensifying its scrutiny of the Federal Accounting Council's (CFC) systems to identify potential disqualifications of the professionals involved.

Who is required to file the ECD 2024?

Submission is mandatory for all companies taxed under the ‘actual profit method’, including those equated to legal entities or entities that have been granted tax immunity or exemption, which are legally required to maintain accounting records.

Additionally, the ECD must also be filed, among others listed in paragraphs 1 to 5 of IN RFB No. 2003/2021, by:

• Companies taxed under ‘presumed profit method’ that distribute portions of their profits or dividends, for which the income tax withheld at source (IRRF) does not exceed the taxable income base for their corporate income tax, minus the taxes and contributions to which they are subject.
• Legal entities holding funds in foreign currency overseas stemming from exports;
• Silent Partnerships (SCP), when applicable;
• Micro-enterprises or small businesses that have received capital contributions in accordance with articles 61-A to 61-D of Complementary Law No. 123 of 2006.

Penalties

Companies that do not submit the ECD within the legal deadline, or do so with inaccuracies or omissions, are subject to the following penalties:

Bookkeeping compliance

Our team at Domingues e Pinho Contadores is equipped to assist clients with the completion and filing of their accounting and tax information, ensuring that submissions are fully compliant with legal standards. You can count on our support: dpc@dpc.com.br.