Central Bank: Quarterly DEF and Annual Census filing period is open

Companies receiving foreign direct investment must submit either annual or quarterly reports, depending on the total value of their assets

The month of July requires close attention from companies that are obligated to report to the Central Bank. On July 1, the submission period began for two key reports: the Economic-Financial Statement (DEF) and the Annual Census.

For more detailed information on these requirements, see below:

What information must be provided? 

The periodic statements must include the following information: 

• Corporate structure and identification of non-resident investors; 
• Book value and economic value of the recipient; 
• Operating and non-operating profit of the recipient; 
• Additional accounting data of the recipient. 

In addition, recipients must also report the following information on the Foreign Capital Information System for Foreign Direct Investment (SCE-IED): 

• Non-resident investor's stake in the recipient's share capital; 
• Initial investment; 
• Adjustments in equity and paid-in capital;
• Percentage of capital paid in by each non-resident investor, as well as subsequent payments. 

The Annual Census requires companies to provide general data about their operations. Additionally, if there is a non-resident investor holding 10% or more of the company's voting power, detailed information on the distribution of fixed assets and gross revenue must also be included in the submission.  

Fines for non-compliance

Failure to file the reports, as well as submitting false, incomplete, incorrect, or untimely information, can result in fines of up to BRL 250,000.

Compliance with the Central Bank

Domingues e Pinho Contadores has a department specialized in meeting the requirements of the Central Bank of Brazil. Ensure your company is fully compliant by relying on the support of DPC's specialists. Contact us at: dpc@dpc.com.br.