The deadline for submission of the Quarterly Economic – Financial Statement to the Central Bank of Brazil, referring to the reference date of 03/31/2020, expires on 06/30/2020.

Therefore, all companies which receive foreign investments, that owns assets and/or Net Equity similar or higher than BRL250,000.000.00 (two hundred and fifty million reais), must quartely update their economic and financial information quarterly, through the Electronic Declaratory Record – Foreign Direct Investment (“RDE-IED”), following the calendar:

Calendar:

• data base of December 31st, the information should be provided by March, 31st of the subsequent year;

• data base of March 31st, the information should be provided by June, 30th;

• data base of June 30th, the information should be provided until September, 30th; and

• data base of September 30th, the information should be provided by December, 31st.

In case of non-compliance, article 36 of Law 13,506 / 2017 and Circular No. 3,857 / 2017 of BACEN, establish the criteria for the application of fines, whose values can reach up to R $ 250,000.00 (two hundred and fifty thousand reais), in the case of providing incorrect, incomplete information or untimely declaration.

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

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