The obligation applies to individuals and legal entities residing in Brazil and whose sum of assets abroad are equal to or greater than US$ 100,000. The deadline to submit the declaration began on February 15 and ends at 6 PM on June 1, 2020.
Assets of any nature, tangible or intangible, which are held abroad must be indicated, such as: real estate, bank accounts, equity quotas in other companies and fixed or variable income securities.
Please note: if the total sum of assets exceed US$ 100 million, the statement should be presented quarterly.
The declaration must be completed and submitted electronically, through the Central Bank website.
There are penalties — which vary according to the infraction — for those who fail to comply with the deadline, submit wrong or incomplete data or even fail to make the declaration. Declarations with false information, for example, can yield a fine of up to R$ 250,000.
In addition, it may be necessary to offer proof of the data submitted to the Central Bank, should the institution question any information. Therefore, supporting documentation must be kept for at least five years.