Brazilian Revenue Service demands Declaration of transactions paid in cash

Beginning on January, 2018 individuals or legal entities in Brazil must report monthly the cash amounts received, when equal or exceeding BRL 30,000.00.

The information should be sent through the electronic form “DME” (Declaration of Operations settled by cash). The form is available at the Brazilian IRS website. The DME is provided at the Normative Instruction RFB 1761 that was published this week.

The deadline for the declaration term is the first working day of the following month of receipt of the values, otherwise there is a penalty of 3% of the operation amount.

Operations in foreign currencies also need to be declared with the amount in BRL currency.

This Declaration will not be applied to Financial Institutions and the ones authorized to operate by the Brazilian Central Bank.

About The Author

Rodrigo Alberto Correia da Silva

See author's posts

Category: Rodrigo Alberto Correia da Silva, Uncategorized

Tags: correia dasilva advogados, csa

Posted in: 19/06/2019

Quote Made by WhatsApp

0 Comments

20 de April de 2021

In a recent decision, when judging Habeas Corpus request, the…

Federal taxation on remittance abroad in the acquisition of a software license for commercialization or distribution

4 de March de 2020

The Attorney General’s Office of the National Treasury – PGFN, regulates the disclosure of the list of debtors

29 de January de 2020

Full payment of the tax debt extinguishes the punishment of the accused of tax evasion crime

28 de January de 2020

Sobre o autor

Rodrigo Alberto Correia da Silva

See author's posts

INFORMATION

São Paulo Financial District – Av. Paulista, 1079, 7º e 8º andar, CEP: 01311-200 – Bela Vista
SHN – Qd. 01 – Conjunto A – Bloco A – Sala 1.509 – Asa Norte – Brasília/DF – CEP 70701-010

Phones
São Paulo +55 11 2766-4360 | Brasília +55 61 3264-8959

Email
contato@correiadasilva.com.br