Economic-Financial Statement must be submitted to the Central Bank by December 31

Companies receiving foreign direct investment should be mindfull of the quarterly DEF requirement

The deadline for submitting the quarterly Economic-Financial Statement (DEF) to the Central Bank of Brazil is now open. Recipients of foreign direct investment (FDI) that held total assets amounting to BRL 300 million or more as of the September 30 reference date must comply with this requirement by December 31.

A direct investment is defined as such by its intention to remain long-term in Brazil and its acquisition outside organized over-the-counter markets and stock exchanges.

What should be informed in the DEF

The Central Bank requires recipients to file the statement to supply information on:

Penalties

Failure to submit the periodic statements to the Central Bank, or providing false, incomplete, incorrect or untimely information may result in a fine of up to BRL 250,000.

Specialized support for compliance with the Central Bank

Domingues e Pinho Contadores has a team dedicated to assisting individuals and companies in complying with Central Bank requirements. You can count on our support: dpc@dpc.com.br.