Quarterly Financial Economic Statement (DEF): submission deadline is June 30

Companies that receive foreign investment must keep an eye on this Bacen requirement.

HIGHLIGHTS

Quarterly Financial Economic Statement (DEF): submission deadline is June 30


Companies that receive foreign investment must keep an eye on this Bacen requirement


Companies receiving foreign direct investments, with assets or equity of BRL 250 million or more are required to submit the Financial Economic Statement (Declaração Econômico-Financeira - DEF) to the Central Bank of Brazil (Bacen), every quarter.

The next submission period, concerning the reference date 03/31/2021, ends on 06/30/2021.

DEF includes information related to the capital, equity, assets, liabilities and "flow accounts" determined every quarter.

This statement is done at the Bacen RDE-IED system (Electronic Declaratory Registry - Direct Foreign Investment). The data presented must concern only the company receiving investments, not the whole economic group it participates in.


Quarterly obligation


Following a fixed schedule every quarter, DEF must be submitted in relation to the reference dates:


Reference date

Deadline

March 31

June 30

June 30

September 30

September 30

December 31

December 31

March 31 of the following year



Penalties


Failure to submit the DEF, late submission, or provision of false, incomplete or incorrect information may result in fines of up to BRL 250 thousand.


Experts in complying with Bacen requirements


Domingues e Pinho Contadores has a team that supports companies and individuals in the preparation of registers and statements required by the Central Bank of Brazil, ensuring total compliance before the agency. Learn more about Bacen services.

How DPC may help your company?

Domingues e Pinho Contadores has specialized team ready to assist your company.
Contact us by the e-mail dpc@dpc.com.br

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