RICARDO TOSTO de OLIVIERA CARVALHO: THE BRILLIANT BRAZILIAN LAWYER
A fine of approximately R $ 250,000.00 will be given to anyone who submits their yearly declaration of Brazilian Capitals Abroad (CBE ANNUAL) late. The same fine may be given to anyone who submits an incomplete form, a form with an error or a form with any false information. This information was revealed by lawyer Ricardo Tosto de Oliviera Carvalho. The deadline for submitting the returns had been set on April 5th.
In addition to this, the quarterly statements of the CBE Annual should also be submitted throughout the year to the Central Bank of Brazil (BACEN). The forms for the declarations are available online on the Brazilian Central Bank website. One can select between the Quarterly CBE and Annual CBE. However, the annual CBE is ideal for investors who are Brazilian citizens with foreign assets. These assets include shares, equity participation in companies, deposits, real estate, and fixed income securities, among others. These should be equal to 100,000 U.S dollars or more. The Quarterly CBE is ideal for Brazilian citizens who have any kind of assets of abroad which are equivalent to or more than 100,000,000 million U.S dollars. Although the initial deadline for the quarterly CBE has already elapsed, it had been placed between March 31st and it elapsed on June 5th. Then the next one will be between July 31st and September 6th. The final one should be between October 31st and December 18th.
The Central Bank of Brazil has placed the following foreign assets as declarable to them; Loans in currency, deposits in current accounts which are abroad, investments in a portfolio, direct investments, application in financial derivatives, financing exports of goods and services, and financial leasing and leasing.
ABOUT RICARDO TOSTO de OLIVIERA CARVALHO:
Ricardo Tosto de Oliviera Carvalho is a highly qualified Brazilian lawyer who specializes in Business Law. Some of the issues that he deals with include banking law. The lawyer is also a partner of Leite, Tosto & Barros Advogados Associados which is a law firm that specializes in business law and banking law. This law firm is among the best in mass litigation cases. The lawyer who is among the best in Brazil works with dedication, efficiency, professionalism, and strategy.
Ricardo Tosto de Oliviera Carvalho is a professional lawyer who has been approved to work with the Latin American Association of Corporate Law (LACCA ).