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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

Country: Brazil

Status: underway

Themes: Beneficial ownership

Last updated: June 2018

Classification:

Concrete: Somewhat Concrete | New: Somewhat New | Ambitious: Somewhat Ambitious

Notes:

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.

Brazil's Commitments
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