The transmission of CBE for the 3rd quarter starts on October 31

The deadline to report the statement for the base date of September 30, 2020 is at 6:00 p.m. of December 5, 2020.

The quarterly reporting of Brazilian Capitals Abroad (Capitais Brasileiros no Exterior - “CBE”) is required for those residents in Brazil holding assets (goods and rights) overseas (including real estate, deposits, funds in foreign currencies, among other assets) amounting to or greater than an equivalent to US$ 100,000,000 (one hundred million US dollars) on March 31, June 30, or September 30, of each year.

The assets and rights overseas reporting will comprise information related to the following modalities:

I - deposit;

II - currency loan;

III - financing;

IV - financial leasing;

V - direct investment;

VI - portfolio investment;

VII - investment in derivative financial instruments;

VIII - other investments, including real estate and other assets.

Penalties

Filing the CBE after the deadline, non-delivery and / or the provision of inaccurate, incomplete, or false information, may result in the imposition of penalties by the Central Bank of Brazil, which can vary from BRL 2,500 to BRL 250,000, and may, in some cases, be increased in 50%.