Starting February 15, the Declaration of Brazilian Capital Abroad (DCBE) for the 2024 base year must be submitted.
✔️ Mandatory Filing: The DCBE is required for individuals or legal entities residing in Brazil that hold foreign assets equal to or exceeding USD 1,000,000.00.
✔️ Scope: The declaration must include assets, rights, financial instruments, foreign currencies, deposits, real estate, company shares, securities, trade credits, and other holdings abroad.
✔️ Penalties: Failure to submit the DCBE or providing incorrect information may result in fines of up to BRL 250,000.00.
Foreign-Controlled Entities: Must comply with the new guidelines of Law No. 14.754/2023, which requires the preparation of an annual balance sheet following international accounting standards (IFRS) or Brazilian GAAP (BR GAAP), depending on the case.
We are available to assist with any questions regarding the declaration process.
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Av. Açocê, 281
Indianópolis – São Paulo (SP)
CEP 04075-021