In Brazil, there is an annual declaration that takes place to set and decide the guidelines of how the Brazilian investment will happen in the outside capital. They call it “Anual CBE.” There is also the three months CBE, which takes place during the rest of the year.For 2017, the votation and decision ended in 5, April, with some interesting differences from past years in the court. There are, however, still some leftover declarations that will take place for the rest of the year, só professionals in the country are aware that the decisions are not set in stone yet.According to the Central Bank of Brasil (BACEN), the failure on delivering the declarations in the predefined dates will result in charges of up to R$250.000,000, which translates to the American currency as around $75.000,000.His twitter account : https://twitter.com/ricardotosto01?lang=pt
Ricardo Tosto, an important personality in the decisions of 2017, gave his word about the declaration and the charged amount for those who do not meet the requirements in the period stipulated. The businessman stated that, nowadays, the declarations could even be given through the internet, which means that not meeting the deadlines are not an excuse of location anymore.The annual CBE declaration is obligatory for real individuals with domicils in the country or residing in the territory of Brazil, as well as the requirement of having some sort of title in the exterior market of any nature, including simple assets in the stock market or even properties.
The difference to the quarterly CBE declaration is that this one is restricted to those who have these assets on the exterior that equals or surpasses an amount of at least $100.000.000,00. It is a restrictive category but is very important to differentiate the duties of the large investors from the smaller ones.For this category, Ricardo Tosto remembers that the dates to be announced, throughout the year, your declarations, if you enter the category, are 30 of March, July, and September. The first two dates for the statement have already expired, and, by the time we are reaching the end of 2017, the time for the third and final quarterly announcement of the year will retake place.