DEF: Companies receiving foreign investment must report to Bacen by March 31

From January 1 to March 31, 2021, companies receiving foreign direct investment with assets or equity equal to or greater than BRL 250 million must report the Economic and Financial Statement (Declaração Econômico Financeira - “DEF”) to Bacen referring to the base date December 31 2020.

The accessory obligation should be transmitted to the agency once every quarter year, always referring to the previous quarter. Therefore, the considered base dates are: March 31, June 30, September 30 and December 31 of each year.

DEF consists of information about capital, equity, assets and liabilities and the “accounts flow” calculated in the quarter year.

Failure to report DEF or providing false, incomplete, inaccurate, or reporting after the deadline may expose the taxpayer to penalties.

Domingues e Pinho Contadores has a team specialized in assisting clients to comply with the records and reports required by the Central Bank of Brazil. Learn about the services.