Today it was published on the Brazilian Official Gazette (D.O.U) the Normative Instruction No. 1,863 of the Brazilian Federal Revenue (“IN RFB 1,863”) which, among other provisions, extends in 180 days the deadline for disclosure to the Brazilian Federal Revenue of the information identifying the final beneficiary of Brazilian and foreign legal entities enrolled with the Legal Entities Federal Taxpayers’ Registry (“CNPJ”) until the date of publication of the new rule.
The entities enrolled with the CNPJ after the publication of the IN RFB 1,863 shall have 90 days counted as of the enrollment date to fulfill such obligation.
The final beneficiary is the natural person: (i) who ultimately, directly or indirectly, possesses, controls or significantly influences the entity; or (ii) on whose behalf a transaction is carried-out.
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