The deadline for submission of the Five-Year Census of Foreign Capitals in Brazil (\u201cFive-Year Census\u201d), referring to the base date of December 31, 2020, starts on July 1, 2021 and ends at 6 pm on August 16, 2021. The original term, August 15, 2021, will not be a business day.<\/p>\n
Pursuant to Circular No. 3,795 published by Brazilian Central Bank (\u201cBACEN\u201d) on June 16, 2016, the 2020 Five-Year Census must be submitted by filling out an electronic form available on BACEN\u2019s website by:<\/p>\n
(i) legal entities headquartered in Brazil with direct investments in their equity interest held by individuals or entities resident\/headquartered abroad, regardless of the amount, as of December 31, 2020;<\/p>\n
(ii) investment funds with non-resident stakeholders, as of December 31, 2020, through its representatives; and<\/p>\n
(iii) legal entities headquartered in Brazil with a total outstanding balance of short-term trade credits (due within 360 days) owed to non-residents equal to or higher than US$ 1 million (one million U.S. Dollars) as of December 31, 2020.<\/p>\n
Finally, we would like to inform that any legal entity failing to submit the 2020 Five-Year Census, or in case it provides uncomplete or incorrect information, may be subject to a fine up to BLR 250,000.00 (two hundred and fifty thousand reais).
\nCosta e Tavares Paes Advogados is available for further clarification about the Five Year Census, as well as to provide any information on the topic and to assist with filling and sending.<\/p>\n
This newsletter is meant for information purposes only and should not be construed as a legal opinion.<\/p>\n","protected":false},"excerpt":{"rendered":"
The deadline for submission of the Five-Year Census of Foreign Capitals in Brazil (\u201cFive-Year Census\u201d), referring to the base date of December 31, 2020, starts on July 1, 2021 and ends at 6 pm on August 16, 2021. The original term, August 15, 2021, will not be a business day. Pursuant to Circular No. 3,795 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[151],"tags":[],"class_list":["post-3684","post","type-post","status-publish","format-standard","hentry","category-bulletin"],"_links":{"self":[{"href":"https:\/\/www.ctpadv.com.br\/en\/wp-json\/wp\/v2\/posts\/3684"}],"collection":[{"href":"https:\/\/www.ctpadv.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ctpadv.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ctpadv.com.br\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ctpadv.com.br\/en\/wp-json\/wp\/v2\/comments?post=3684"}],"version-history":[{"count":1,"href":"https:\/\/www.ctpadv.com.br\/en\/wp-json\/wp\/v2\/posts\/3684\/revisions"}],"predecessor-version":[{"id":3685,"href":"https:\/\/www.ctpadv.com.br\/en\/wp-json\/wp\/v2\/posts\/3684\/revisions\/3685"}],"wp:attachment":[{"href":"https:\/\/www.ctpadv.com.br\/en\/wp-json\/wp\/v2\/media?parent=3684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ctpadv.com.br\/en\/wp-json\/wp\/v2\/categories?post=3684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ctpadv.com.br\/en\/wp-json\/wp\/v2\/tags?post=3684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}