Brazilian Federal Internal Revenue Service postpones the deadline for UBO reporting for 180 days

Brazilian Federal Internal Revenue Service postpones the deadline for UBO reporting for 180 days

Dear clients,

Please be informed that, pursuant to Ruling N. 1863 published today (12/28/2018), the Brazilian Federal Internal Revenue Service amended some rules applicable to the ultimate beneficiary owner report in Brazil, among them the deadline for its filing, which was deferred for 180 days.

Our team is currently assessing the changes brought by said Ruling and shall provide you with advice as soon as possible about the next steps to be taken in each case.

 We appreciate your trust in our services and wish you all a happy and prosperous 2019!

 Rayes and Fagundes Advogados