Information collection, sharing, availability
Brazil is implementing measures and regulations to ensure that information on beneficial owner of companies is obtained, verified, recorded and kept up-to-date
Themes: Beneficial ownership
Last updated: June 2018
Concrete: Somewhat Concrete | New: Somewhat New | Ambitious: Somewhat Ambitious
Normative ruling obliges new companies (issuing a tax ID number July 2017 onwards) to inform beneficial owners -- established companies must do the same until 31 December 2018. However, it is not clear if and how the tax authorities are going to share such information with other authorities -- it is not clear either about enforcement and implementation, once the first deadline , 1 January 2017, was postponed until 1 July 2017.