Individuals and legal entities residing, domiciled or that are headquartered in Brazil (including foreigners, according to the applicable criteria of the tax legislation) must present to the Central Bank of Brazil a declaration of assets and funds held overseas (“Declaration of Brazilian Capital Abroad”) until April 5, 2019 (6:00 PM), according to Resolution 3854 of May 27, 2010 and Circular 3624 of February 6, 2013 of the Central Bank.
The declaration is mandatory to all individuals and legal entities that held assets and funds abroad in an amount equal to or higher than US$ 100,000.00, or the equivalent amount in another currency on the base date of December 31, 2018, and the declaration must be presented in the period from February 15, 2019 to April 5, 2019 (until 6:00 PM) (“Annual Declaration of Brazilian Capital Abroad”).
In addition to the Annual Declaration of Brazilian Capital Abroad, the individuals and legal entities holding assets and funds abroad in an amount equal to or higher than US$ 100,000,000.00 or the equivalent amount in another currency must also present the Quarterly Declaration of Brazilian Capital Abroad, as per the schedule bellow:
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Araújo e Policastro team is at your disposal for any further clarification about this matter and to provide all the necessary assistance to comply with such obligation.