On Apr. 16, BRZ Tax instructed on real estate operations declaration.
BRZ Tax issued Instruction 2186 regarding Declaration on real estate operations (DOI).
Instruction 2186 sets forth the requirements for presentation of the DOI to BRZ Tax.
DOI Filing
Filing of DOI must be done through DOI-Web, a computerized system at the Virtual Taxpayer Service Center (e-CAC), at the electronic address provide in the Instruction.
A declaration must be issued for each property sold or acquired and the value will be that informed by the parties or, in the absence thereof, as indicated in the Instruction.
Specifically, the value that served as the basis for calculating the tax on the transfer of real estate (ITBI) or for calculating the tax on transmission causa mortis (ITCD).
The DOI must be presented by last business day of the month following the drawing up, annotation, endorsement, registration or registration of sale/purchase document.
DOI must be digitally signed using a certificate issued by an entity accredited by the Brazilian Public Key Infrastructure - ICP-Brazil, in order to guarantee the authenticity.
Failure to present the DOI or its presentation after deadline may result in penalties.
Effectiveness
Instruction 2186/2024 comes into force on Jun. 1, 2024.
