The Central Bank of Brazil (“BACEN”), through the Official Circular No. 3.624 dated February 06th, amended to Official Circular 3.830, dated March 29th, 2017 (“Circular”), regulated the procedures and deadlines for the mandatory statement of the Annual Census of Brazilian Capital Abroad (“DCBE”).
According to the schedule established by the aforementioned legislation, until 6:00 pm on April 5th, 2018 (“deadline”), companies must submit the Census considering as base date December 31st, 2017.
All the information declared on the census are compiled by BACEN and disclosed in a consolidated manner, with statistical purposes of the sectors/activities of the companies, maintaining the confidentiality of investors/creditors and investees/debtors. The BACEN may require the declarants, within a period of five years from the date of the declaration, to provide the supporting documentation of the information provided.
The Official Circular No. 3,857 dated November 14th, 2017 regulates Law No. 13.506 and provides for the administrative sanctioning process, establishing the criteria and amounts for the application of fines in case of provision of incorrect, incomplete or out of deadline information.