Questions and Answers

Who must submit the annual declaration to the Central Bank of Brazil?

Companies or individuals resident, domiciled, or headquartered in Brazil that, on December 31^st, 2021, had assets, rights and/or sum of moneys located overseas in the aggregate amount equal to or higher than USD 1 million, or the equivalent in other currencies.

What is the deadline for submitting the annual declaration in 2022?

From February 15^th, 2022 (from 10 am) to April 5^th, 2022 (until 6 pm).

Who must submit the quarterly declarations to the Central Bank of Brazil?

Companies or individuals resident, domiciled, or headquartered in Brazil that, on March 31^st, June 30^th or September 30^th, 2022, have assets, rights and/or sum of moneys located overseas in the aggregate amount equal to or higher than USD 100 million, or the equivalent in other currencies.

What is the schedule for the submission of quarterly declarations in 2022?

• Base date March 31st, 2022: from April 30th, 2022 to June 5th, 2022;

• Base date June 30th, 2022: from July 31st, 2022 to September 5th, 2022; and

• Base date Sept 30th, 2022: from Oct 31st, 2022 to December 5th, 2022.

What are the penalties related to the declarations?

The absence or delay in submitting the declarations, or the provision of false or incorrect information, may subject the declarant to the imposition of fine by the Central Bank of Brazil.

Sperling Advogados is at your disposal to assist you in the measures required for the submission of the declarations to the Central Bank of Brazil.