Quarterly CBE: Statement must be filed to the Central Bank by June 5

Requirement applies to individuals and entities holding assets abroad valued at USD 100 million at the base date

Individuals and legal entities residing, domiciled, or headquartered in Brazil, that as at March 31, 2024 held assets abroad valued at USD 100 million or the equivalent thereof in other currencies, must submit a quarterly statement of Brazilian Capital Abroad (CBE) to the Central Bank of Brazil (Bacen). The submission deadline is June 5, 2024.. 

Brazilian capital abroad consists of cash, goods, rights, and assets held by Brazilian residents outside the national territory.

Reporting these assets to the Central Bank of Brazil (Bacen) fulfills the requirement for the collection of data that supports the preparation of statistics related to the country’s external economic performance.

What information must be provided in the CBE?

The Quarterly CBE must be used for reporting assets held outside Brazil. This include cash, personal property and real estate assets and rights, trade credits, stakes in non-resident companies, crypto, as well as other financial instruments, such as foreign securities and international loans.

Penalties

Compliance with the Central Bank

Domingues e Pinho Contadores boasts a team specialized in fulfilling the requirements set by the Brazilian Central Bank. Our team provides guidance to individuals and companies on the timely and periodic submission of information, ensuring compliance with the agency's regulations. You can rely on our support: dpc@dpc.com.br.