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Central Bank receives more than 19,000 declarations in the second phase of repatriation

Regularization

To date, the monetary authority has already received almost $ 50 billion in the two phases of the program that regulates undeclared assets abroad

The Central Bank received 19,373 statements from individuals and legal entities in the second phase of the program that allows the repatriation of undeclared assets abroad. Sanctioned at the end of March, the deadline for the taxpayer to declare his assets held abroad is until December 31.

According to the monetary authority, the newly declared values ​​refer to values ​​equal to or greater than US $ 100,000. The fine for those who do not deliver the declaration within this period can reach R $ 250 thousand. 

In the first phase, the value of assets declared in this special regime went from US $ 50 billion, and almost 20,800 people have already joined the program, according to information from the Federal Revenue Service.

Those who are residents of the country on December 31, 2014 who have been or still are owners of assets, assets or legal rights abroad in periods prior to that date are eligible to participate in the program. 

Source: Portal Brasil, with information from the Central Bank