Central Bank Filings Continue with the CBE Declaration

It’s that time of year again. Individuals and legal entities with financial interests outside Brazil must prepare their CBE (Capitais Brasileiros no Exterior) declaration for the Brazilian Central Bank.

Filing requirements are determined by two primary factors: tax residency and the total value of your offshore holdings. You’re required to file the CBE if you were a tax resident in Brazil on December 31, 2025, and your offshore assets totaled US$1 million or more (or the equivalent in other currencies).

Unsure about your filing status? The Brazilian Central Bank offers an online self-assessment tool (avalie a obrigatoriedade de declarar CBE) and a helpful FAQ if you have questions.

The list of reportable assets is extensive. It includes checking and savings accounts, publicly traded shares, membership interests in foreign companies, real estate, trusts, and various financial investments (such as bonds and funds). For each asset, you must report details like its location and market value.

This year, the deadline to file the CBE declaration is April 6. If you file late, fail to file, or submit incomplete or incorrect information, you can face administrative fines. These penalties are tiered based on the nature of the violation, but they can become costly rather quickly.

Finally, remember that the CBE declaration is separate and distinct from your annual Brazilian income tax return. While they’re two different filings, the information should be consistent across both. Problems begin to arise when information reported to the tax authorities contradicts what’s reported to the Brazilian Central Bank.