Understanding Brazil’s required declarations is essential for foreign investors who want to remain fully compliant. Brazil has specific reporting obligations related to foreign capital, assets held abroad, and annual financial disclosures. These requirements are straightforward once you know when they apply and how they work.
Below is a clear overview of the main declarations that foreign investors may need to submit, what they include, and when they are required.
1. Annual Income Tax Return (IRPF – Declaração de Imposto de Renda)
Foreigners who invest in Brazil may be required to file an annual income tax return, depending on their tax residency status and investments.
This declaration reports income earned in Brazil, financial gains, and deductible expenses. Even if no tax is due, filing may still be mandatory for compliance.
2. Capital Abroad Declaration (DCBE – Banco Central)
The DCBE is required when the investor holds assets abroad exceeding thresholds established by the Brazilian Central Bank.
It includes assets such as foreign bank accounts, real estate, investments, and companies held outside Brazil.
There are Annual and Quarterly versions, depending on asset value.
3. Financial Operations Registry (RDE–IED / RDE–ROF)
Foreign investments must often be registered through Brazil’s Central Bank system (RDE).
This is not a tax payment but a mandatory declaration related to foreign capital flows, including:
- Foreign direct investment (IED)
- Loans or financial operations (ROF)
Proper registration ensures the investor can legally repatriate capital and profits in the future.
4. SISCOSERV (Service Transactions Reporting)
Although not always required, certain service-related transactions between Brazil and other countries may need to be reported in SISCOSERV.
This includes payments for consulting, management fees, royalties, and service imports/exports involving foreign entities.
✔️ Explore the Next Sections
➡️ READ MORE → US-Brazil Tax Rules
➡️ READ MORE → Capital Gains
➡️ READ MORE → Taxes for Foreigners