The Brazilian Central Bank (“BACEN”) by means of Circular No. 3,795/2016, laid down the rules for filing the Quinquennial Foreign Capital Census relating to the base date of 31st December of the previous calendar year.
The Quinquennial Foreign Capital Census is conducted by BACEN for the purpose of compiling statistics from the external sector, especially the International Investment Position, subsidizing the formulation of economic policy and assisting activities of economic researchers and international organizations.
Therefore, in 2021, the Quinquennial Census declaration for the year ending 31st December 2020 must be filed from July 1st to August 16th, 2021, at 6:00 p.m.
The following entities are required to provide the Quinquennial Census statement for the base year ending 31st December 2020:
- Brazilian legal entities with equity directly held by non-residents, in any amount, on 31st December 2020;
- Investment funds with non-resident shareholders on 31st December 2020; and
- Brazilian legal entities with a total balance of short-term commercial credits (payable in up to 360 days) granted by non-residents equal to or greater than USD1,000,000.00 (one million United States dollars) on 31st December 2020.
Failure to report information required by the BACEN, or delivering false, incomplete, incorrect information or out of time and outside the conditions established in the legislation may trigger fines, which may come up to BRL250,000.00 (two hundred and fifty thousand reais).
Should you be interested in our assistance in fulfilling the declaration for Census 2020, we kindly ask for your confirmation by email (firstname.lastname@example.org) prior to 30th June 2021, so that we can send you a full list of documents and information required for the declaration.