Open season for Annual CBE submission

Annual statement of assets abroad must be submitted to Bacen between February 15 and April 5

On February 15, the season for submitting your Annual Brazilian Foreign Capital Statement (CBE) to Bacen starts. This obligation must be complied with up to April 5 at 6 p.m. by individual and corporate taxpayers who reside in the country and have assets abroad equal to or greater than USD 1 million or the equivalent value in other currencies, on the base date of December 31, 2021.

The assets might be any type of property, rights, financial instruments, cash and cash equivalents in foreign currencies, deposits, real estate property, company shares, stocks, bonds, trade credit etc.

The Central Bank uses this information about assets abroad for statistics. Nonetheless, the taxpayer must pay attention to the fact that there are fines for not submitting it or even in other cases seen on the law. The value may vary between BRL 2.5 thousand or BRL 250 thousand, abut there might be an improvement of 50% in some cases.

Main obligations for the provision of information to Bacen in 2022

Some individual and corporate taxpayers are obliged to provide certain information to Bacen in regard to investments they have abroad, or foreign investments directly received. Check the obligations and its submission deadlines here.

Permanent compliance

DPC has a team dedicated to guiding individual and corporate taxpayers that must provide this information to the Central Bank. These specialists follow any legal change and the submission schedules, making sure that clients are compliant with the government agencies. Count on our support: dpc@dpc.com.br.