The Federal Revenue has updated the rules for controlling the entry and exit of currency in kind from the country. The measure aims to align customs control with the changes promoted by the new Foreign Exchange and International Capital Law (Law No.
The new legislation was published on December 30, 2021 to enter into force one year after its publication. It deals with the Brazilian exchange market, Brazilian capital abroad, foreign capital in Brazil and obtaining information by the Central Bank (BC) for the preparation of official macroeconomic statistics. Like the IRS, the BC is also updating its regulations to comply with the law.
Among the main changes is the new cash inflow and outflow limit, without declaration, which goes from R$10,000 to US$10,000 or the equivalent in another currency. If the traveler has an amount above this limit, he must make the Electronic Declaration of Travelers Goods (e-DVB). There was also the exclusion of control for carrying checks and traveler’s checks.
Normative Instruction No. 2.117/2022, of the Federal Revenue Service, was published on the 28th in the Official Diary of the Union?? With it, specific points of the following acts were changed: Normative Instruction No. 1,059/2010, which provides for customs control procedures and tax treatment applicable to traveler’s goods; Normative Instruction No. 1,082/2010, which establishes the Electronic Declaration of International Physical Movement of Values (e-DMOV); and Normative Instruction No. 1,385/2013, which provides for the Electronic Declaration of Traveler Goods (e-DBV), on the customs clearance of accompanied baggage and on the carrying of valuables.
