published on 09/13/2023
by Thiago Moliani

The Economic and Financial Statement (Declaração Econômico-Financeira – DEF) is a quarterly periodic statement including the identification of non-resident investors and their respective foreign direct investment codes (FDI Codes), which are essential information for detailing foreign direct investment and accounting information about the recipient.

The New Foreign Exchange Framework, which became effective on December 31, 2022, did not change the deadlines for filing, however, the rules and values that make filing the Statement mandatory have changed.

Read our article to better understand the impact of the New Foreign Exchange Framework.

It is mandatory for companies receiving foreign investment with assets equal to or higher than three hundred million Brazilian reais (BRL 300,000,000.00).

• data base of December 31^st, the information should be provided by March, 31^st of the subsequent year;
• data base of March 31^st, the information should be provided by June, 30^th;
• data base of June 30^th, the information should be provided until September, 30^th; and
• data base of September 30^th, the information should be provided by December, 31^st.

In case of non-compliance, the Article 66, chapter IV, Resolution 131/2021 of the Central Bank of Brazil (BACEN) sets forth the criteria for imposing fines, which may be up to two hundred and fifty thousand Brazilian reais (BRL 250,000.00) in case of incorrect or incomplete information or untimely statements.

You can count on PLBrasil Paralegal to make the exchange transaction, the necessary documentation, and registrations feasible with the Central Bank of Brazil.