Who should deliver the statement?
• Corporate entities based in Brazil, with nonresidents directly holding an equity interest in its share capital, in any amount, and, cumulatively, with a net equity equal to or above US$100 million on December 31, 2018;
• Investment Funds with nonresidents members and a net equity equal to or above US$100 million on December 31, 2018; and
• Corporate entities based in Brazil with a total balance of short-term commercial loans (due within a maximum of 360 days) granted by nonresidents, in the amount of US$10 million or more, on December 31, 2018.
Who is dismissed?
• Natural persons;
• Agencies of the federal government in any sphere of the federation;
• Corporate entities debtors of external on-lending credits granted by institutions based in Brazil; and
• Nonprofit business held by nonresidents.
When is the deadline?
• The Statement shall be submitted before or by 6:00 p.m. of August 15, 2018.
Azevedo Sette’s Corporate team would be pleased to answer any questions and provide any assistance you may need on preparing or filing the information return.