Pursuant to the Central Bank Circular 3,624/2013, the Quarterly Statement of Brazilian Capital Abroad (CBE) must be filed by the resident and domiciled individuals and legal entities holding the assets (assets and rights) against non-residents, including real estate, deposits, foreign currency and cash equivalents, among other assets, amounting to or greater than USD 100,000,000.00 or equivalent in other currencies, at the base dates of March 31, June 30 and September 30 of each year.
For the amounts referring to the base date June 30, 2019, the deadline to file the statement covers the period from July 31 to 5 September 2019, at 06:00p.m..
The statement of assets and rights overseas will include information related to the following modalities:
IV. finance lease;
V. direct investment;
VI. portfolio investment;
VII. investment in derivative financial instruments;
VIII. other investments, including real estate and other assets.
It is noteworthy that non-compliance with the rules subject those responsible to penalties according to the percentages set below, due to the following occurrences:
1. Register or reporting after the deadline: 1% of the amount subject to register or report, limited to BRL 25,000.00. For delays of 1 to 30 days, the penalty will be reduced to 10% of this amount. For delay of 31 to 60 days, the fine will be reduced to 50%.
2. Provide inaccurate or incomplete information: 2% of the amount subject to register or report, limited to BRL 50,000.00.
3. Do not register, report or present the supporting documents of the information provided to Bacen: 5% of the amount subject to register or report, limited to BRL 125,000.00.
4. Providing false information in register or report: 10% of the amount subject to register or report, limited to BRL 250,000.00.
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