We inform that the deadline for the periodic update of the Electronic Declaration Record of Foreign Direct Investment (RDE-IED), expires on March 31, 2022 (referring to the base year 2021).
Mandatory Criterion
This obligation applies to all Brazilian business companies that have non-resident partners/shareholders in Brazil, regardless of financial/corporate transactions that occurred in the base year of the declaration (2021).
Consequence of possible non-compliance with procedures and deadlines:
The non-provision or provision of false, incomplete, incorrect or outside the established deadlines subject offenders to a fine of up to R$ 250,000.00 (two hundred and fifty thousand reais), as established in Article 60 of Circular No. 3,857, of November 14, 2017.
The Central Bank of Brazil may also suspend the registration of the Brazilian company (recipient of foreign investment) in case of non-compliance with the standard. With the registration suspended, the company is unable to move financial resources through foreign exchange operations.
The PLBrasil Group’s Foreign Capital teamis available to assist you with the records required by the Central Bank of Brazil in the channels below:
+55 (11) 3292-5085
bacen@plbrasil.com.br
Check out the latest Paralegal articles
Ultimate Beneficial Owner: Stay Compliant and Avoid CNPJ Suspension
In line with measures to prevent and combat tax evasion, corruption and money laundering, the Brazilian Federal Revenue [...]
End of CNPJ Desk at the Federal Revenue Service: Impacts for companies
In view of the increasing digitalization of public services, it is important to be aware of changes in the way the Brazilian Federal Revenue Service provides services. In line with the trend towards optimization [...]
Regularization of Rural Properties: Ensure the legal security for your property
The regularization of rural properties is a process through which all legal obligations inherent to rural property are mapped and fulfilled, ensuring transparency to owners and potential interested parties regarding compliance with all required [...]
Check out the latest Paralegal articles
Ultimate Beneficial Owner: Stay Compliant and Avoid CNPJ Suspension
In line with measures to prevent and combat tax evasion, corruption and money laundering, the Brazilian Federal Revenue [...]
End of CNPJ Desk at the Federal Revenue Service: Impacts for companies
In view of the increasing digitalization of public services, it is important to be aware of changes in the way the Brazilian Federal Revenue Service provides services. In line with the trend towards optimization [...]
Regularization of Rural Properties: Ensure the legal security for your property
The regularization of rural properties is a process through which all legal obligations inherent to rural property are mapped and fulfilled, ensuring transparency to owners and potential interested parties regarding compliance with all required [...]
