Individuals and legal entities resident, domiciled or with headquarters in Brazil, as provided for in tax law, must report to the Central Bank of Brazil the assets and amounts held by them outside the country. The reporting is mandatory to those holding assets abroad amounting to or exceeding the equivalent of US$1 million on December 31, 2021. The assets and rights include corporate interests in companies, fixed-income securities, shares, real properties, deposits, loans investments, among others.

Furthermore, the individuals and legal entities mentioned above must also report quarterly to the Central Bank of Brazil the assets held abroad on March 31, June 30 and September 30 of each year, if the total value of such assets amounts to or exceeds the equivalent of US$100 million.

The report referring to December 31, 2021, must be delivered by means of the Brazilian Capital Abroad (CBE) reporting form on the Central Bank of Brazil website (, from February 15 through April 5, 2022, at 6 PM.

The manual containing detailed information about the reporting content and requirements is also available on the Central Bank of Brazil website.

The late delivery of the declaration, as well as the lack of reporting, or the submission of false, inaccurate or incomplete information, subjects the violator to a fine of up to R$250,000 imposed by the Central Bank of Brazil.

(CMN Resolution 4,841/20, CMN Resolution 3,854/10, BCB Circular 3,624/13, as amended, and Resolution BCB 131/21).