{"id":5931,"date":"2026-04-04T02:27:52","date_gmt":"2026-04-04T05:27:52","guid":{"rendered":"https:\/\/deqlaw.com.br\/?page_id=5931"},"modified":"2026-04-27T04:59:17","modified_gmt":"2026-04-27T07:59:17","slug":"disclosure-of-ubos-to-the-brazilian-revenue-department","status":"publish","type":"page","link":"https:\/\/www.deqlaw.com.br\/en\/disclosure-of-ubos-to-the-brazilian-revenue-department\/","title":{"rendered":"Disclosure of UBOs to the Brazilian Revenue Department"},"content":{"rendered":"<section data-bb-version=\"5.7.1\" id=\"bt_bb_section69f4e4c81b030\" class=\"bt_bb_section bt_bb_layout_boxed_1200\"  data-bt-override-class=\"null\"><div class=\"bt_bb_port\"><div class=\"bt_bb_cell\"><div class=\"bt_bb_cell_inner\"><div class=\"bt_bb_row \"  data-bt-override-class=\"{}\"><div class=\"bt_bb_row_holder\" ><div data-bb-version=\"5.7.1\"  class=\"bt_bb_column col-xl-12 col-xs-12 col-sm-12 col-md-12 col-lg-12 bt_bb_align_left bt_bb_padding_normal\"  data-width=\"12\" data-bt-override-class=\"{}\"><div class=\"bt_bb_column_content bt_bb_vertical_align_top bt_bb_color_scheme_\"><div class=\"bt_bb_column_content_inner\"><div class=\"bt_bb_raw_content\"><link href=\"https:\/\/fonts.googleapis.com\/css2?family=Lato:ital,wght@0,100;0,300;0,400;0,700;0,900;1,100;1,300;1,400&display=swap\" rel=\"stylesheet\" \/>\n<style>\n  .dq-page-wrap {\n    margin-left:  calc(-50vw + 50%);\n    margin-right: calc(-50vw + 50%);\n    width: 100vw;\n    max-width: 100vw;\n    overflow-x: hidden;\n  }\n  :root {\n    --navy:       #0d1b2a;\n    --navy-mid:   #1a2e45;\n    --gold:       #cb8569;\n    --gold-light: #e09a7e;\n    --cream:      #f8f5f0;\n    --warm-white: #fdfcfa;\n    --text-dark:  #1a1a1a;\n    --text-mid:   #4a4a4a;\n    --text-light: #7a7a7a;\n    --border:     #e0d8cc;\n  }\n  *, *::before, *::after { box-sizing: border-box; margin: 0; padding: 0; }\n  html { scroll-behavior: smooth; }\n  body { font-family: 'Lato', sans-serif; background: var(--warm-white); color: var(--text-dark); line-height: 1.7; font-weight: 400; }\n\n  \/* HERO *\/\n  .hero { background: var(--navy); color: white; padding: 100px 40px 90px; position: relative; overflow: hidden; }\n  .hero::after { content: ''; position: absolute; bottom: 0; left: 0; right: 0; height: 3px; background: linear-gradient(90deg, transparent, var(--gold), transparent); }\n  .hero-inner { max-width: 860px; margin: 0 auto; position: relative; z-index: 1; }\n  .hero-label { font-size: 12px; letter-spacing: 3px; text-transform: uppercase; color: var(--gold-light); margin-bottom: 28px; display: flex; align-items: center; gap: 14px; }\n  .hero-label::before { content: ''; display: block; width: 32px; height: 1px; background: var(--gold); }\n  .hero h1 { font-size: clamp(34px, 5vw, 58px); font-weight: 300; line-height: 1.15; margin-bottom: 28px; }\n  .hero h1 em { font-style: italic; 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}\n  .qr-dot { width: 8px; height: 8px; border-radius: 50%; background: var(--gold); flex-shrink: 0; margin-top: 7px; }\n  .qr-item p { font-size: 19px; color: rgba(255,255,255,0.75); line-height: 1.7; }\n  .qr-item p strong { color: white; }\n\n  \/* INTRO *\/\n  .intro-strip { background: var(--cream); padding: 70px 40px; border-bottom: 1px solid var(--border); }\n  .intro-inner { max-width: 860px; margin: 0 auto; display: grid; grid-template-columns: 1fr 1fr; gap: 60px; }\n  .intro-inner h2 { font-size: 34px; font-weight: 300; color: var(--navy); grid-column: 1 \/ -1; line-height: 1.25; margin-bottom: -20px; }\n  .intro-col p { font-size: 17px; color: var(--text-mid); line-height: 1.85; }\n  .intro-col p + p { margin-top: 16px; }\n  .intro-col a { color: var(--gold); text-decoration: none; }\n\n  \/* SECTION COMMONS *\/\n  .section-inner { max-width: 860px; margin: 0 auto; }\n  .section-label { font-size: 12px; letter-spacing: 3px; text-transform: uppercase; color: var(--gold); margin-bottom: 18px; display: flex; align-items: center; gap: 14px; }\n  .section-label::before { content: ''; display: block; width: 24px; height: 1px; background: var(--gold); }\n  .section-title { font-size: 38px; font-weight: 300; color: var(--navy); margin-bottom: 48px; line-height: 1.2; }\n\n  \/* SCOPE *\/\n  .scope-section { padding: 80px 40px; background: var(--warm-white); }\n  .scope-grid { display: grid; grid-template-columns: 1fr 1fr; gap: 2px; background: var(--border); }\n  .scope-col { padding: 36px 32px; }\n  .scope-col.must { background: var(--cream); }\n  .scope-col.exempt { background: var(--warm-white); }\n  .scope-col h3 { font-size: 18px; font-weight: 700; margin-bottom: 20px; padding-bottom: 14px; border-bottom: 2px solid var(--border); }\n  .scope-col.must h3 { color: #1a3a1a; border-color: #c0ddc0; }\n  .scope-col.exempt h3 { color: #2a2a5a; border-color: #c0c0e0; }\n  .scope-list { list-style: none; display: flex; flex-direction: column; gap: 12px; }\n  .scope-list li { font-size: 15px; color: var(--text-mid); line-height: 1.7; display: block; position: relative; padding-left: 18px; }\n  .scope-list li::before { content: ''; width: 8px; height: 8px; border-radius: 50%; position: absolute; left: 0; top: 8px; }\n  .scope-col.must .scope-list li::before { background: #80b080; }\n  .scope-col.exempt .scope-list li::before { background: #8080c0; }\n  .scope-list a { color: var(--gold); text-decoration: none; }\n  .scope-note { margin-top: 24px; font-size: 15px; color: var(--text-light); font-style: italic; }\n  .scope-note a { color: var(--gold); text-decoration: none; }\n\n  \/* UBO DEFINITION - dark *\/\n  .ubo-section { background: var(--navy); padding: 90px 40px; color: white; }\n  .ubo-section .section-label { color: var(--gold-light); }\n  .ubo-section .section-label::before { background: var(--gold-light); }\n  .ubo-section .section-title { color: white; font-weight: 300; margin-bottom: 16px; }\n  .ubo-intro { color: rgba(255,255,255,0.65); font-size: 17px; max-width: 640px; margin-bottom: 52px; line-height: 1.8; }\n  .ubo-grid { display: grid; grid-template-columns: 1fr 1fr; gap: 2px; background: rgba(255,255,255,0.08); }\n  .ubo-item { background: var(--navy-mid); padding: 32px 36px; display: flex; gap: 20px; align-items: flex-start; transition: background 0.25s; }\n  .ubo-item:hover { background: #213349; }\n  .ubo-num { font-size: 28px; color: var(--gold); font-weight: 700; line-height: 1; flex-shrink: 0; width: 32px; margin-top: 2px; }\n  .ubo-content h4 { font-size: 17px; font-weight: 700; color: white; margin-bottom: 8px; line-height: 1.4; }\n  .ubo-content p { font-size: 15px; color: rgba(255,255,255,0.55); line-height: 1.75; }\n  .ubo-note { margin-top: 44px; border-left: 2px solid var(--gold); padding: 20px 28px; background: rgba(203,133,105,0.08); color: rgba(255,255,255,0.72); font-size: 17px; line-height: 1.8; font-style: italic; }\n\n  \/* DOCUMENTS *\/\n  .documents-section { padding: 80px 40px; background: var(--cream); }\n  .doc-inner { max-width: 860px; margin: 0 auto; display: grid; grid-template-columns: 1.2fr 1fr; gap: 60px; align-items: start; }\n  .doc-content h2 { font-size: 34px; font-weight: 300; color: var(--navy); margin-bottom: 20px; line-height: 1.25; }\n  .doc-content p { font-size: 16px; color: var(--text-mid); line-height: 1.85; margin-bottom: 16px; }\n  .doc-content a { color: var(--gold); text-decoration: none; }\n  .doc-list { list-style: none; background: var(--navy); padding: 32px 36px; display: flex; flex-direction: column; gap: 16px; }\n  .doc-list li { display: flex; gap: 14px; align-items: flex-start; font-size: 14px; color: rgba(255,255,255,0.7); line-height: 1.65; }\n  .doc-list li::before { content: '\\2713'; color: var(--gold); font-weight: 700; flex-shrink: 0; font-size: 15px; }\n\n  \/* DEADLINES *\/\n  .deadlines-section { padding: 80px 40px; background: var(--warm-white); }\n  .deadlines-grid { display: grid; grid-template-columns: 1fr 1fr 1fr; gap: 2px; background: var(--border); }\n  .deadline-card { background: var(--warm-white); 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}\n  .cons-intro { color: rgba(255,255,255,0.65); font-size: 17px; max-width: 640px; margin-bottom: 52px; line-height: 1.8; }\n  .cons-grid { display: grid; grid-template-columns: 1fr 1fr; gap: 2px; background: rgba(255,255,255,0.08); }\n  .cons-item { background: var(--navy-mid); padding: 32px 36px; display: flex; gap: 20px; align-items: flex-start; transition: background 0.25s; }\n  .cons-item:hover { background: #213349; }\n  .cons-icon { width: 36px; height: 36px; flex-shrink: 0; color: var(--gold); margin-top: 2px; }\n  .cons-content h4 { font-size: 17px; font-weight: 700; color: white; margin-bottom: 8px; line-height: 1.4; }\n  .cons-content p { font-size: 15px; color: rgba(255,255,255,0.55); line-height: 1.75; }\n  .ubo-section a { color: var(--gold-light); text-decoration: none; }\n  .ubo-section a:hover { text-decoration: underline; }\n  .cons-intro a { color: var(--gold-light); text-decoration: none; }\n  .cons-intro a:hover { text-decoration: underline; }\n  .cons-content a { color: var(--gold-light); text-decoration: none; }\n  .cons-content a:hover { text-decoration: underline; }\n\n  \/* TEAM *\/\n  .team-section { padding: 80px 40px; background: var(--cream); border-top: 1px solid var(--border); }\n  .team-inner { max-width: 860px; margin: 0 auto; display: grid; grid-template-columns: 1fr 1.5fr; gap: 70px; align-items: start; }\n  .team-content p { font-size: 17px; color: var(--text-mid); line-height: 1.85; margin-bottom: 16px; }\n  .team-content a { color: var(--gold); text-decoration: none; }\n  .admitted-list { list-style: none; margin: 24px 0 32px; display: flex; flex-wrap: wrap; gap: 10px; }\n  .admitted-list li { background: var(--navy); color: white; font-size: 12px; padding: 6px 16px; }\n\n  \/* CTA *\/\n  .cta-section { padding: 90px 40px; background: var(--warm-white); border-top: 1px solid var(--border); }\n  .cta-inner { max-width: 680px; margin: 0 auto; text-align: center; }\n  .cta-inner .section-label { justify-content: center; }\n  .cta-inner .section-label::before { display: none; }\n  .cta-inner h2 { font-size: 38px; font-weight: 300; color: var(--navy); margin-bottom: 20px; line-height: 1.2; }\n  .cta-inner p { font-size: 17px; color: var(--text-mid); margin-bottom: 40px; line-height: 1.85; }\n\n  @media (max-width: 760px) {\n    .hero { padding: 70px 24px 64px; }\n    .quickread-inner { grid-template-columns: 1fr; }\n    .intro-inner { grid-template-columns: 1fr; gap: 28px; }\n    .intro-inner h2 { grid-column: 1; }\n    .scope-grid, .ubo-grid, .cons-grid { grid-template-columns: 1fr; }\n    .doc-inner { grid-template-columns: 1fr; }\n    .deadlines-grid { grid-template-columns: 1fr; }\n    .team-inner { grid-template-columns: 1fr; }\n    .scope-section, .ubo-section, .documents-section, .deadlines-section, .consequences-section, .team-section, .cta-section { padding: 60px 24px; }\n    .intro-strip { padding: 50px 24px; }\n    .quickread { padding: 32px 24px; }\n  }\n<\/style>\n\n<div class=\"dq-page-wrap\">\n\n<!-- HERO -->\n<section class=\"hero\">\n  <div class=\"hero-inner\">\n    <div class=\"hero-label\">D&amp;Q Lawyers &middot; Corporate Compliance<\/div>\n    <h1>Ultimate Beneficial Owners:<br><em>Disclosing to the RFB<\/em><\/h1>\n    <p class=\"hero-sub\">\n      Foreign companies holding assets or shares in Brazil must register their ultimate beneficial owners with the Federal Revenue Department and confirm that information every year. Failure to comply suspends the CNPJ and freezes all foreign exchange operations, including dividend remittances.\n    <\/p>\n    <a href=\"#contact\" class=\"btn-primary\">Get in Touch<\/a>\n  <\/div>\n<\/section>\n\n<!-- QUICK READ -->\n<div class=\"quickread\">\n  <div class=\"quickread-inner\">\n    <div class=\"quickread-title\">Quick Read<\/div>\n    <div class=\"qr-item\"><div class=\"qr-dot\"><\/div><p><strong>New rules from 1 January 2026:<\/strong> <a href=\"https:\/\/normas.receita.fazenda.gov.br\/\" target=\"_blank\" rel=\"noopener\" style=\"color:var(--gold-light);text-decoration:none;\">IN RFB 2,290\/2025<\/a> replaces the previous UBO framework and significantly tightens disclosure requirements for foreign entities with Brazilian assets.<\/p><\/div>\n    <div class=\"qr-item\"><div class=\"qr-dot\"><\/div><p><strong>Annual confirmation required:<\/strong> The <a href=\"https:\/\/www.gov.br\/pt-br\/servicos\/informar-beneficiario-final-a-receita-federal\" target=\"_blank\" rel=\"noopener\" style=\"color:var(--gold-light);text-decoration:none;\">e-BEF<\/a> must be resubmitted by 31 December each year, even where nothing in the ownership chain has changed.<\/p><\/div>\n    <div class=\"qr-item\"><div class=\"qr-dot\"><\/div><p><strong>CNPJ suspension blocks everything:<\/strong> Non-compliance freezes banking, credit and all foreign exchange operations, including dividend remittances and capital repatriation.<\/p><\/div>\n    <div class=\"qr-item\"><div class=\"qr-dot\"><\/div><p><strong>Criminal exposure for false filings:<\/strong> Directors and attorneys-in-fact who sign off on inaccurate UBO data face personal criminal liability under Brazilian law, regardless of where they are located.<\/p><\/div>\n  <\/div>\n<\/div>\n\n<!-- INTRO -->\n<section class=\"intro-strip\">\n  <div class=\"intro-inner\">\n    <h2>A compliance obligation that directly affects the ability to move money in and out of Brazil.<\/h2>\n    <div class=\"intro-col\">\n      <p>Since 2018, the <a href=\"https:\/\/www.gov.br\/receitafederal\/pt-br\" target=\"_blank\" rel=\"noopener\">Brazilian Federal Revenue Department<\/a> (<strong>RFB<\/strong>) has required foreign entities holding Brazilian assets to disclose their ultimate beneficial owners. <a href=\"https:\/\/normas.receita.fazenda.gov.br\/\" target=\"_blank\" rel=\"noopener\">IN RFB 2,290\/2025<\/a>, which came into force since 1 January 2026, consolidates and substantially strengthens that framework, superseding <a href=\"https:\/\/normas.receita.fazenda.gov.br\/\" target=\"_blank\" rel=\"noopener\">IN RFB 1,863\/2018<\/a>.<\/p>\n      <p>The most significant change is the introduction of mandatory annual confirmation. Under the old rules, UBO disclosure was effectively a one-time event triggered by changes in the ownership chain. Under the new rules, the <a href=\"https:\/\/www.gov.br\/pt-br\/servicos\/informar-beneficiario-final-a-receita-federal\" target=\"_blank\" rel=\"noopener\">e-BEF<\/a> must be resubmitted by 31 December every year regardless of whether any changes have occurred.<\/p>\n    <\/div>\n    <div class=\"intro-col\">\n      <p>The practical consequences of non-compliance are severe. A suspended CNPJ does not merely create administrative inconvenience: under the foreign exchange framework established by <a href=\"https:\/\/www.planalto.gov.br\/ccivil_03\/_ato2019-2022\/2021\/lei\/l14286.htm\" target=\"_blank\" rel=\"noopener\">Law 14,286\/2021<\/a>, it directly affects the entity's RDE-IED registration with the Central Bank of Brazil, freezing all foreign exchange operations at the classification stage.<\/p>\n      <p>These changes reflect Brazil's <a href=\"https:\/\/www.oecd.org\/brazil\/\" target=\"_blank\" rel=\"noopener\">OECD accession process<\/a> and its commitment to combating money laundering, tax evasion and corruption. For foreign groups with Brazilian subsidiaries, UBO compliance is not optional.<\/p>\n    <\/div>\n  <\/div>\n<\/section>\n\n<!-- SCOPE -->\n<section class=\"scope-section\">\n  <div class=\"section-inner\">\n    <div class=\"section-label\">Scope of Obligation<\/div>\n    <h2 class=\"section-title\">Who must disclose, and who is exempt?<\/h2>\n    <div class=\"scope-grid\">\n      <div class=\"scope-col must\">\n        <h3>&#10003; Entities Required to Disclose<\/h3>\n        <ul class=\"scope-list\">\n          <li>Foreign entities holding Brazilian real estate, vehicles, ships, aircraft or other vessels.<\/li>\n          <li>Foreign entities with bank accounts, stock holdings or investments in Brazilian financial or capital markets.<\/li>\n          <li>Foreign entities holding shares or other corporate interests in Brazilian companies outside the capital markets.<\/li>\n          <li>Foreign entities carrying out leasing or chartering of vessels or equipment in Brazil.<\/li>\n          <li>Foreign entities importing goods without foreign exchange coverage for the purpose of paying up the capital of Brazilian companies.<\/li>\n        <\/ul>\n      <\/div>\n      <div class=\"scope-col exempt\">\n        <h3>&#9675; Entities Exempt from Disclosure<\/h3>\n        <ul class=\"scope-list\">\n          <li>Foreign entities registered as public companies (listed or not) in Brazil or in jurisdictions requiring full shareholder disclosure.<\/li>\n          <li>Not-for-profit entities that do not act as fiduciary managers, provided they are not registered in <a href=\"https:\/\/lawsofbrazil.com\/what-is-a-tax-haven-under-brazilian-law\/\" target=\"_blank\" rel=\"noopener\">tax-favoured or privileged tax regime<\/a> jurisdictions.<\/li>\n          <li>Multilateral institutions, central banks and government entities, including those linked to sovereign funds.<\/li>\n          <li>Private pension funds, health funds and investment vehicles with traded securities regulated by authorities acceptable to Brazil's <a href=\"https:\/\/www.gov.br\/cvm\/pt-br\" target=\"_blank\" rel=\"noopener\">Securities Commission<\/a> (CVM).<\/li>\n        <\/ul>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/section>\n\n<!-- WHO IS A BENEFICIAL OWNER -->\n<section class=\"ubo-section\">\n  <div class=\"section-inner\">\n    <div class=\"section-label\">Definition<\/div>\n    <h2 class=\"section-title\">Who is an \"ultimate beneficial owner\"?<\/h2>\n    <p class=\"ubo-intro\"><a href=\"https:\/\/normas.receita.fazenda.gov.br\/\" target=\"_blank\" rel=\"noopener\" >IN RFB 2,290\/2025<\/a> defines a beneficial owner as the natural person who ultimately, directly or indirectly, owns, controls or significantly influences the entity, or on whose behalf a transaction is carried out. Significant influence is assessed across three alternative criteria.<\/p>\n    <div class=\"ubo-grid\">\n      <div class=\"ubo-item\">\n        <div class=\"ubo-num\">01<\/div>\n        <div class=\"ubo-content\">\n          <h4>Capital threshold<\/h4>\n          <p>A natural person who directly or indirectly holds more than 25% of the capital of the legal entity meets the significant influence threshold. The threshold applies to direct and indirect holdings, requiring the full ownership chain to be mapped.<\/p>\n        <\/div>\n      <\/div>\n      <div class=\"ubo-item\">\n        <div class=\"ubo-num\">02<\/div>\n        <div class=\"ubo-content\">\n          <h4>Dominance in corporate resolutions<\/h4>\n          <p>A natural person who holds or exercises dominance over the entity's corporate decision-making process is treated as a beneficial owner, even without a majority capital interest.<\/p>\n        <\/div>\n      <\/div>\n      <div class=\"ubo-item\">\n        <div class=\"ubo-num\">03<\/div>\n        <div class=\"ubo-content\">\n          <h4>Power to elect directors<\/h4>\n          <p>A natural person with the power to elect the majority of the legal entity's directors qualifies as a beneficial owner, even where that person does not hold ultimate control over the entity.<\/p>\n        <\/div>\n      <\/div>\n      <div class=\"ubo-item\">\n        <div class=\"ubo-num\">04<\/div>\n        <div class=\"ubo-content\">\n          <h4>No beneficial owner identified: subsidiary reporting<\/h4>\n          <p>Where no natural person meets any of the above criteria, <a href=\"https:\/\/normas.receita.fazenda.gov.br\/\" target=\"_blank\" rel=\"noopener\" >IN RFB 2,290\/2025<\/a> requires the entity to report its statutory directors or officers as \"subsidiary\" beneficial owners. It is no longer permissible to declare that an entity has no beneficial owner: a responsible natural person at the highest level must always be nominated.<\/p>\n        <\/div>\n      <\/div>\n    <\/div>\n    <div class=\"ubo-note\">\n      A foreign group with multiple layers of intermediary holding companies must map the complete ownership chain and identify the natural person at its apex, regardless of where in the chain the 25% threshold is first met.\n    <\/div>\n  <\/div>\n<\/section>\n\n<!-- REQUIRED DOCUMENTS -->\n<section class=\"documents-section\">\n  <div class=\"section-inner\">\n    <div class=\"doc-inner\">\n      <div class=\"doc-content\">\n        <div class=\"section-label\">Required Documents<\/div>\n        <h2>What must be filed with the RFB?<\/h2>\n        <p>Each foreign entity holding shares in a Brazilian company must maintain its CNPJ registration and file the required documentation with the <a href=\"https:\/\/www.gov.br\/receitafederal\/pt-br\" target=\"_blank\" rel=\"noopener\">RFB<\/a> through the <a href=\"https:\/\/www.gov.br\/empresas-e-negocios\/pt-br\/redesim\" target=\"_blank\" rel=\"noopener\">Redesim portal<\/a>.<\/p>\n        <p>All documents originating outside Brazil must be apostilled under the <a href=\"https:\/\/www.hcch.net\/en\/instruments\/conventions\/specialised-sections\/apostille\" target=\"_blank\" rel=\"noopener\">Hague Apostille Convention<\/a>, which applies to the vast majority of relevant jurisdictions. For countries not party to that Convention, legalisation at a Brazilian consulate or embassy remains required.<\/p>\n        <p>All foreign-language documents must be translated by a sworn translator registered in Brazil. For the UBO filing specifically, the entity must provide a digitally signed corporate organisation chart or a full-content certificate from the relevant foreign commercial registry confirming the complete ownership chain to the ultimate natural person.<\/p>\n      <\/div>\n      <ul class=\"doc-list\">\n        <li>Articles of association, bylaws, constitution or equivalent, or a current company extract<\/li>\n        <li>Legal ID or passport of the company director<\/li>\n        <li>Minutes of the shareholders' meeting appointing directors, or an equivalent document evidencing powers (if not in the foreign registration documents)<\/li>\n        <li>Certified power of attorney appointing a Brazilian permanent resident to manage assets and represent the entity before the tax authorities<\/li>\n        <li>Certified ID of the attorney-in-fact as registered with the RFB<\/li>\n        <li>List of the company's shareholders and directors<\/li>\n        <li>Digitally signed organisation chart or foreign commercial registry certificate confirming the full ownership chain to the ultimate natural person<\/li>\n      <\/ul>\n    <\/div>\n  <\/div>\n<\/section>\n\n<!-- DEADLINES -->\n<section class=\"deadlines-section\">\n  <div class=\"section-inner\">\n    <div class=\"section-label\">Filing Deadlines<\/div>\n    <h2 class=\"section-title\">When must information be provided?<\/h2>\n    <div class=\"deadlines-grid\">\n      <div class=\"deadline-card highlight\">\n        <div class=\"deadline-num\">30<\/div>\n        <div class=\"deadline-unit\">Calendar Days &mdash; Initial Filing<\/div>\n        <h3>On enrolment or any change<\/h3>\n        <p>Beneficial ownership information must be submitted within 30 calendar days of the entity's initial CNPJ enrolment, or from the date of any subsequent change in the corporate chain. This is a significant reduction from the 90-day standard under <a href=\"https:\/\/normas.receita.fazenda.gov.br\/\" target=\"_blank\" rel=\"noopener\">IN RFB 1,863\/2018<\/a>.<\/p>\n      <\/div>\n      <div class=\"deadline-card\">\n        <div class=\"deadline-num\">+30<\/div>\n        <div class=\"deadline-unit\">Calendar Days &mdash; Extension<\/div>\n        <h3>Single extension, if justified<\/h3>\n        <p>A single 30-day extension of the initial filing deadline may be requested where the entity can demonstrate a duly justified reason. The extension is not automatic and must be applied for within the original 30-day window.<\/p>\n      <\/div>\n      <div class=\"deadline-card highlight\">\n        <div class=\"deadline-num\">31 Dec<\/div>\n        <div class=\"deadline-unit\">Annual Deadline &mdash; Every Year<\/div>\n        <h3>Mandatory annual confirmation<\/h3>\n        <p>Even where nothing in the UBO chain has changed, the <a href=\"https:\/\/www.gov.br\/pt-br\/servicos\/informar-beneficiario-final-a-receita-federal\" target=\"_blank\" rel=\"noopener\">e-BEF<\/a> must be resubmitted by 31 December of each calendar year. Missing this deadline triggers the same CNPJ suspension consequences as a failure to file in the first instance.<\/p>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/section>\n\n<!-- CONSEQUENCES -->\n<section class=\"consequences-section\">\n  <div class=\"section-inner\">\n    <div class=\"section-label\">Non-Compliance<\/div>\n    <h2 class=\"section-title\">The consequences of getting it wrong<\/h2>\n    <p class=\"cons-intro\"><a href=\"https:\/\/normas.receita.fazenda.gov.br\/\" target=\"_blank\" rel=\"noopener\" >IN RFB 2,290\/2025<\/a> materially strengthens the enforcement regime. The consequences of non-compliance go well beyond administrative inconvenience and can directly affect the foreign group's ability to operate and move funds in Brazil.<\/p>\n    <div class=\"cons-grid\">\n      <div class=\"cons-item\">\n        <svg class=\"cons-icon\" viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M10.29 3.86L1.82 18a2 2 0 0 0 1.71 3h16.94a2 2 0 0 0 1.71-3L13.71 3.86a2 2 0 0 0-3.42 0z\"\/><line x1=\"12\" y1=\"9\" x2=\"12\" y2=\"13\"\/><line x1=\"12\" y1=\"17\" x2=\"12.01\" y2=\"17\"\/><\/svg>\n        <div class=\"cons-content\">\n          <h4>CNPJ Suspension<\/h4>\n          <p>A suspended CNPJ prevents the entity from participating in public procurement and causes the Brazilian subsidiary to face significant difficulties obtaining credit with suppliers and financial institutions. Suspension is the primary and automatic sanction for non-compliance.<\/p>\n        <\/div>\n      <\/div>\n      <div class=\"cons-item\">\n        <svg class=\"cons-icon\" viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><rect x=\"2\" y=\"7\" width=\"20\" height=\"14\" rx=\"2\"\/><path d=\"M16 7V5a2 2 0 0 0-4 0v2\"\/><line x1=\"12\" y1=\"12\" x2=\"12\" y2=\"16\"\/><\/svg>\n        <div class=\"cons-content\">\n          <h4>Foreign Exchange Operations Blocked<\/h4>\n          <p>Under <a href=\"https:\/\/www.planalto.gov.br\/ccivil_03\/_ato2019-2022\/2021\/lei\/l14286.htm\" target=\"_blank\" rel=\"noopener\">Law 14,286\/2021<\/a>, CNPJ suspension directly affects the entity's RDE-IED registration with the Central Bank of Brazil, blocking all foreign exchange operations at the classification stage, including the remittance of dividends and repatriation of capital. The only exceptions are transactions necessary for actual capital repatriation and for honouring obligations incurred before suspension.<\/p>\n        <\/div>\n      <\/div>\n      <div class=\"cons-item\">\n        <svg class=\"cons-icon\" viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><line x1=\"12\" y1=\"1\" x2=\"12\" y2=\"23\"\/><path d=\"M17 5H9.5a3.5 3.5 0 0 0 0 7h5a3.5 3.5 0 0 1 0 7H6\"\/><\/svg>\n        <div class=\"cons-content\">\n          <h4>Monetary Penalties<\/h4>\n          <p><a href=\"https:\/\/normas.receita.fazenda.gov.br\/\" target=\"_blank\" rel=\"noopener\" >IN RFB 2,290\/2025<\/a> introduces specific financial penalties for late or inaccurate submissions. These monetary sanctions apply in addition to, and independently of, CNPJ suspension, and represent a material escalation from the previous framework.<\/p>\n        <\/div>\n      <\/div>\n      <div class=\"cons-item\">\n        <svg class=\"cons-icon\" viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M12 22s8-4 8-10V5l-8-3-8 3v7c0 6 8 10 8 10z\"\/><\/svg>\n        <div class=\"cons-content\">\n          <h4>Personal Criminal Liability<\/h4>\n          <p>The new regulation explicitly invokes \"ideological falsehood\" (<em>falsidade ideologica<\/em>) under Brazilian criminal law for those who provide false or misleading UBO data. Directors, attorneys-in-fact and other individuals who sign off on inaccurate e-BEF submissions may face personal criminal exposure in Brazil, regardless of where they are located.<\/p>\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/section>\n\n<!-- TEAM -->\n<section class=\"team-section\">\n  <div class=\"team-inner\">\n    <div>\n      <a href=\"https:\/\/www.linkedin.com\/in\/fabianodeffenti\/\" target=\"_blank\" rel=\"noopener\" style=\"display:block;\">\n        <img decoding=\"async\" src=\"https:\/\/www.deqlaw.com.br\/wp-content\/uploads\/2023\/03\/Fabiano-300x350-1.png\" alt=\"Fabiano Deffenti, Founding Partner, D&amp;Q Lawyers\" style=\"width:100%;display:block;\" \/>\n      <\/a>\n      <div style=\"padding:16px 4px 0;display:flex;align-items:center;gap:14px;\">\n        <div>\n          <strong style=\"display:block;font-size:17px;font-weight:600;color:var(--navy);margin-bottom:2px;\">Fabiano Deffenti<\/strong>\n          <span style=\"font-size:14px;color:var(--gold);\">Founding Partner<\/span>\n        <\/div>\n        <a href=\"https:\/\/www.linkedin.com\/in\/fabianodeffenti\/\" target=\"_blank\" rel=\"noopener\" style=\"display:inline-block;flex-shrink:0;\">\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"36\" height=\"36\" viewBox=\"0 0 32 32\">\n            <rect width=\"32\" height=\"32\" rx=\"6\" fill=\"#cb8569\"\/>\n            <path fill=\"#fff\" d=\"M11.5 13.5h-3v9h3v-9zm-1.5-1a1.75 1.75 0 1 0 0-3.5 1.75 1.75 0 0 0 0 3.5zm11 1c-1.6 0-2.6.8-3 1.5v-1.5h-3v9h3v-4.5c0-1.4.7-2.2 1.9-2.2 1.1 0 1.6.8 1.6 2.2v4.5h3v-5c0-2.8-1.5-4-3.5-4z\"\/>\n          <\/svg>\n        <\/a>\n      <\/div>\n    <\/div>\n    <div class=\"team-content\">\n      <div class=\"section-label\">Our Team<\/div>\n      <h2 class=\"section-title\" style=\"font-size:34px;\">Experience in Brazilian corporate compliance<\/h2>\n      <p>D&amp;Q Lawyers advises foreign companies on CNPJ registration, e-BEF filings, attorney-in-fact appointments and cross-border corporate compliance in Brazil. Our practice covers the full lifecycle of a foreign group's Brazilian structure, from initial registration through to ongoing compliance, restructurings and exits.<\/p>\n      <p>Our founding partner, Fabiano Deffenti, has extensive experience advising multinational clients on regulatory compliance in Brazil, including beneficial ownership disclosure, foreign capital registration with the Central Bank, and the interaction between tax compliance and foreign exchange operations.<\/p>\n      <p>For further background on the e-BEF framework and its interaction with the CNPJ suspension regime, see the related article on <a href=\"https:\/\/lawsofbrazil.com\/the-brazilian-corporate-registration-system-suspension-as-an-enforcement-tool\/\" target=\"_blank\" rel=\"noopener\">suspension as an enforcement tool<\/a> on LawsofBrazil.<\/p>\n      <ul class=\"admitted-list\">\n        <li>Brazil: Advogado<\/li>\n        <li>Australia: Solicitor<\/li>\n        <li>New Zealand: Barrister &amp; Solicitor<\/li>\n        <li>New York: Attorney-at-Law<\/li>\n      <\/ul>\n      <a href=\"https:\/\/www.deqlaw.com.br\/en\/profissionais\/\" class=\"btn-primary\" style=\"text-decoration:none;\">Meet the Full Team<\/a>\n    <\/div>\n  <\/div>\n<\/section>\n\n<!-- CTA -->\n<section class=\"cta-section\" id=\"contact\">\n  <div class=\"cta-inner\">\n    <div class=\"section-label\">Get Advice<\/div>\n    <h2>UBO compliance for your Brazilian structure?<\/h2>\n    <p>We can advise on the scope of the disclosure obligation, prepare and file the e-BEF, appoint an attorney-in-fact and manage ongoing annual confirmation requirements. Initial enquiries are always welcome.<\/p>\n    <div style=\"margin-top:20px;padding:36px 44px;background:var(--cream);border:1px solid var(--border);display:inline-block;min-width:320px;\">\n      <div style=\"font-size:12px;text-transform:uppercase;letter-spacing:2px;color:var(--text-light);margin-bottom:12px;\">Send us an email<\/div>\n      <a href=\"mailto:info@deqlaw.com.br\" style=\"font-size:24px;font-weight:300;color:var(--navy);text-decoration:none;display:block;margin-bottom:16px;\">info@deqlaw.com.br<\/a>\n      <a href=\"mailto:info@deqlaw.com.br\" class=\"btn-primary\" style=\"text-decoration:none;\">Send Email Now<\/a>\n    <\/div>\n    <p style=\"margin-top:20px;font-size:13px;color:var(--text-light);\">This page is a summary only and does not constitute legal advice. For the full technical background, visit <a href=\"https:\/\/lawsofbrazil.com\/disclosure-of-ultimate-beneficiary-information-to-the-brazilian-federal-revenue-department\/\" target=\"_blank\" rel=\"noopener\" style=\"color:var(--gold);\">LawsofBrazil<\/a>.<\/p>\n  <\/div>\n<\/section>\n\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><!-- cell_inner --><\/div><!-- cell --><\/div><!-- port --><\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":6,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-5931","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Disclosure of UBOs to the Brazilian Revenue Department - D&amp;Q Lawyers<\/title>\n<meta name=\"description\" content=\"Learn when foreign companies must disclose ultimate beneficial owners in Brazil, file the e-BEF and avoid CNPJ suspension and blocked remittances.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/deqlaw.com.br\/en\/disclosure-of-ubos-to-the-brazilian-revenue-department\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Disclosure of UBOs to the Brazilian Revenue Department - 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