By Thiago Moliani
PLBrasil Group | 22.10.2019
The deadline for submission of the Quarterly Statement of Brazilian Capitals Abroad (DCBE) expires at 6:00 pm on December 5th, 2019.
This statement was established by the Central Bank of Brazil (BACEN) in order to create a statistic of the total foreign assets and liabilities of the Brazilian economy.
The quarterly DCBE is mandatory for residents of Brazil, holders of assets (assets and rights) abroad (including real estate, deposits, foreign currency assets, among other assets) that totalize the amount equal to or greater than the equivalent of US$ 100,000,000.00 (one hundred million US dollars).
The submission of the declaration after this deadline, as well as the submission with error or legal faults, or the non-submission of the declaration, may imply a fine of up to BRL 250,000.00 (two hundred and fifty thousand reais).
The PLBrasil Group’s Foreign Capital teamis available to assist you with the records required by the Central Bank of Brazil in the channels below:
+55 (11) 3292-5085
bacen@plbrasil.com.br
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