ECONOMIC AND FINANCIAL STATEMENT DEF – 1ST QUARTER 2020

As provided in Central Bank of Brazil Circular n. 3,814/16, all Brazilian companies with foreign direct investment, with net worth or assets higher than two hundred and fifty million Brazilian reais (BRL250,000,000.00) are required to provide the Economic-Financial Statement DEF for 03/31/2020 before the Central Bank of Brazil (BACEN).

The DEF is composed of information about corporate capital; shareholders’ equity, assets and liabilities and the “flow accounts” calculated in relation to the first quarter of the year.

The deadline for transmission of DEFs ends on June 30, 2020 and failure to comply within the terms of the aforementioned circular may result in the suspension of the company’s foreign investment records, as well as the initiation of a sanctioning administrative process by BACEN, as provided by law.

We remain available for any clarifications that may be necessary.

Compartilhe: