Brazilian Capital Abroad: quarterly statement must be filed by December 5

Quarterly CBE must be submitted by individuals and companies with assets abroad valued at US$ 100 million

Individuals and companies resident, domiciled or headquartered in Brazil should be mindful of the requirement to submit the quarterly statement of Brazilian Capital Abroad (CBE) to the Central Bank of Brazil (Bacen). This report must be filed by December 5 and binds those who held assets abroad amounting to USD 100 million or the equivalent thereof in other currencies as of the September 30 reference date.

Brazilian capital abroad consists of money, goods, rights and assets of any nature held by residents of Brazil outside national territory.

According to the agency, the CBE is an important means of compiling statistics on foreign assets in the country.

Information provided in the CBE

Assets held outside Brazil must be reported in the Quarterly CBE. This includes money, assets (chattel or real estate), trade credit, ownership in non-resident companies, rights, crypto and other financial instruments, such as securities and foreign loans.

CBE filing schedule

When filing CBE statements, taxpayers must comply with the following schedule, which covers all quarterly submissions and a single annual report:

Type	Base date	Filing schedule
Quarterly CBE  (USD 100 million in assets held abroad)	March 31	April 30 to June 5
	June 30	July 31 to September 5
	September 30	October 31 to December 5
Annual CBE  (USD 1 million in assets held abroad)	December 31	February 15 to April 5 of the following year

Penalties

Non-compliance with the submission of any CBE statement warrants a fine, the amount of which varies depending on the offense committed:

Offense	Fine
Statement filed after the deadline	1% of the amount subject to reporting, limited to BRL 25,000
Incorrect or incomplete information	2% of the amount subject to reporting, limited to BRL 50,00
Failure to submit the statement or supporting documentation	5% of the amount subject to reporting, limited to BRL 125,000
Provision of false information	10% of the amount subject to reporting, limited to BRL 250,000

Compliance in the submission of capital reports

Domingues e Pinho Contadores has a team dedicated to maintaining compliance with the requirements set by the Central Bank, ensuring that individuals and companies remain in good standing with the agency. You can count on our support: dpc@dpc.com.br.