We would like to inform that, upon the entry into force of the New Legal Framework for the Foreign Exchange Market in Brazil (Law No. 14.286/2021), as of December 31, 2022, the Central Bank of Brazil established that the Annual Statement of Foreign Capital in the Country only applies to companies receiving foreign capital that have total assets equal to or greater than R$100,000,000.00 (one hundred million Brazilian Reais).
Exclusively for 2023, referring to the base date of December 31, 2022, this annual periodic statement will be provided through the Census of Foreign Capital in the Country System, pursuant to Law No. 14,286/21, which was regulated by BCB Resolutions No. 278 and No. 281, both of December 31, 2022, which deal with foreign capital in the country in foreign credit operations and foreign direct investments, as well as the provision of information to the Central Bank of Brazil.
The legal deadline for submitting this Statement began on July 1 and runs until 6 p.m. on August 15, 2023.
We make ourselves available to assess the need for your company to comply with this obligation, by analyzing the Balance Sheet as of December 31, 2022, requesting that you contact our Head of International Taxation, Rodrigo Martins, by e-mail. – rodrigo.martins@ronaldomartins.adv.br
