Starts today, February 15, 2022, the term for individuals or legal entities residing, domiciled, or that are headquartered in Brazil (including foreigners, according to the applicable criteria of the tax legislation) to present to the Brazilian Central Bank the declaration of assets and funds held overseas (“Declaration of Brazilian Capital Abroad”), referring to the base date of December 31, 2021, according to Resolution 3854 of May 27, 2010, and Circular 3624 of February 6, 2013.
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 USD 100 million or the equivalent amount in another currency must also present the Quarterly Declaration of Brazilian Capital Abroad, as per the schedule below:
(i) with respect to the amounts of funds at March 31, 2022, the declaration must be presented in the period from April 30, 2022 to June 5, 2022 (until 6:00 PM);
(ii) with respect to the amounts of funds at June 30, 2022, the declaration must be presented in the period from July 31, 2022 to September 5, 2022 (until 6:00 PM); and
(iii) with respect to the amounts of funds at September 30, 2022, the declaration must be presented in the period from October 31, 2022 to December 5, 2022 (until 6:00 PM).
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Araújo e Policastro team is at your disposal for any further clarification about this matter and to provide all the assistance to comply with such obligation.