THE DEADLINE FOR UPDATING THE CORPORATE STRUCTURE AND FINAL BENEFICIARY IS JUNE 26, 2019.

As per the Normative Instruction No. 1,863/2018, issued by the Brazilian Federal Revenue, national or foreign entities registered with the CNPJ (National Registry of Legal Entities) on or before December 28, 2018, have until June 26, 2019 to update its enrollment, identifying its corporate structure and the existence (or not) of an individual considered/classified as the final beneficiary, regardless of the corporate structure and origin of capital (exceptions apply). For entities enrolled with the CNPJ after December 28, 2018, the deadline to provide such information is 90 days from the date of its enrollment.

This is a mandatory procedure, except if otherwise provided for in the above-mentioned Normative Instruction, and the failure to comply with its terms, depending on the situation, could expose the entities subject to it to have their tax registry (CNPJ) suspended and face restrictions on transacting with financial institutions, among other impairments.

Our Corporate and Regulatory teams are monitoring the evolution of the matter and are available to provide any assistance related to the topic.

For obtaining this file, click here.