By Thiago Moliani
PLBrasil Group | 01/08/2019

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 to assist in the evaluation of the degree of internationalization of our 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).

Circular No. 3,624, dated February 6th, 2013, as amended by Circular No. 3,830, dated March 29th, 2017, defines the following periods for the quarterly statement:

1. 1. 1. Base date March 31st: until June 5th of the same year;
      2. Base date June 30th: until September 5th of the same year;
      3. Base date September 30th: until December 5th of the same year; and
      4. Base date December 31st of each year: until April 5th of the following year.

Penalties

If the company does not declare according to the above deadlines or declare with error, it is subject to a Central Bank process that can result in fines that vary from BRL 2,500.00 to BRL 250,000.00, and may be increased by 50%, in some cases.

Possibility of rectification
In cases where the amount subject to the declaration is susceptible to change resulting from an audit process in financial statements, the declarant must file his declaration within the regular term and, within 60 (sixty) days after the expiration of this term, update his declaration with the final, correct and complete information.