Extension of the deadline for the identification of final beneficiary to the Brazilian Federal Revenue

 In Newsletters

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.

For further information about the content of this alert, please contact:

Tomás Neiva
(11) 3707-8370

Marcela Figueiró
(11) 3707-8370

Brunno Morette
(11) 3707-8370

Bruno Cunha
(11) 3707-8370

This memorandum has been prepared solely for the clients of this firm and aims at informing major changes and news of interest in the legal field. In the event of doubts, the lawyers will be at your complete disposal for further clarification..
The information included in this Newsletter is intended to provide the clients of our firm with general updates and does not constitute a legal opinion or professional advice in relation to any specific matter, present or future that our firm is or might be currently involved with. The English version of this Newsletter is a free translation from Portuguese.
2017 NBF|A Advogados. All rights reserved. The exploitation, reproduction, private or public distribution, total or partial modification are prohibited without prior written consent from NBF|A Advogados.