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  • BACEN: Start of the deadline for submitting the Economic-Financial Declaration (DEF) for the third quarter of 2021

The deadline has begun for Brazilian companies, recipients of foreign investment, to deliver to the Central Bank of Brazil (BACEN), by filling out the Economic-Financial Declaration (DEF) through the Electronic Declaratory Registration system – Direct Foreign Investment (RDE-IED), accounting information related to the third quarter, with a base date of September 30, 2021.

The quarterly declaration is mandatory for Brazilian companies, recipients of direct foreign investment, that have net equity OR total assets equal to or greater than R$ 250,000,000.00 (two hundred and fifty million reais), and must be sent by December 31, 2021.

Failure to provide or provide false, incomplete, incorrect information or information outside the established deadlines and conditions will subject offenders to payment of fines.

Brazilian companies, recipients of foreign investments, which have net equity and total assets less than R$ 250 million are exempt from completing the quarterly DEFs. Such companies must present, by March 31, 2022, the annual update of the corporate structure in the RDE-IED system, based on the economic and financial information calculated on December 31, 2021.

Our Corporate team | M&A is available for further clarification and to assist in filling out the declaration and other steps to provide information to the Central Bank.

Sincerely,
CORPORATE | M&A

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