The deadline for the 2020 CBE declaration (base date 12/31/2019) will expire at 6:00 pm on April 5th, 2020 The delivery of the declaration beyond the deadline, as well as the delivery with errors or vice, or the non-delivery of the declaration may entail fines ranging from BRL 2,500.00 (two thousand and five hundred reais) BRL R$ 250,000.00 (two hundred and fifty reais), which may be increased up to fifty percent (50%) in some cases.
The purpose of this statement by BACEN is to create a statistic of the total foreign assets and liabilities of the Brazilian economy. The DCBE, in this way, helps to assess the degree of internationalization of our economy.
In cases where the amount subject to the declaration is susceptible to change resulting from an audit process in
financial statements, the declarant must file his declaration within the regular term and, within 60 (sixty) days after the expiration of this term, update his declaration with the definitive, correct and complete information.