Pursuant to Central Bank Circular 3,624/2013, the Quarterly Statement of Brazilian Capital Abroad (CBE) must be submitted by the resident and domiciled individuals and legal entities holding the assets (assets and rights ) against non - residents whose overall value amount a total greater than or equal to USD 100,000,000.00 or its equivalent in other currencies, on the base dates from March 31, June 30 and September 30 of each year.
CBE's quarterly reporting deadline for the base date September 30, 2019 is 6:00 p.m. on December 5, 2019.
The statement of goods and rights abroad will include information related to the following modalities:
I - deposit;
II - loan in currency;
III - financing;
IV - financial leasing;
V - direct investment;
VI - investment in portfolio;
VII - investment in derivative financial instruments;
VIII - other investments, including real estate, membership units, interest in companies and other assets.
It is noteworthy that non-complying with the rules subject those responsible to penalties according to the percentages set below, due to the following occurrences:
1. Register or filing after the deadline: 1% of the amount subject to registration or reporting, limited to BRL 25,000.00. For 1 to 30 days after the deadline, the penalty will be reduced to 10% of this amount. Filing of 31 to 60 days after the deadline, the penalty will be reduced to 50%.
2. Providing incorrect or incomplete information: 2% of the amount subject to registration or reporting, limited to BRL 50,000.00.
3. Do not registering, do not report or do no provide supporting documents for the information provided to Bacen: 5% of the amount subject to registration or reporting, limited to BRL 125,000.00.
4. Providing false information in registration or report: 10% of the amount subject to registration or declaration, limited to BRL 250,000.00.
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