The Brazilian Capitals Abroad (CBE) has made it compulsory to submit an annual declaration for all the citizens holding foreign assets. These declarations are of two types, one is the annual declaration, and the other is the quarterly declaration. If anyone found guilty of non-submission of the declaration, false declaration, erroneous declaration or incomplete declaration may be heavily penalized and the fine imposed may be up to 250000 dollars. The famous Brazilian lawyer Ricardo Tosto has made it very clear to all to submit the declarations online to avoid any kinds of problems in the future. The annual declaration is mandatory on the last day of every year for individuals or the legal entities residents residing permanently in Brazil who are in possession of any sorts of foreign assets that add up to a total of greater than or equal to a hundred thousand US dollars. The quarterly declaration is to be made by the permanent residents of the country possessing any assets abroad adding to a sum of greater than or equal to a hundred million US dollars.
The legal system of Brazil is an incredibly complicated one which makes it very difficult for the common people to understand. To make this task easier for the people, Ricardo Tosto is the man who helps the people to get a clear understanding of the legal system of Brazil. He had earned his law degree from a university in Brazil, and he is one of the most famous lawyers in Brazil. Ricardo Tosto engages himself in several hours of research to keep himself up to date with the ever – changing laws and systems. Read Ricardo’s Blog.
Ricardo Tosto simply has had an incredible career who is famous for not only helping the common people with the required legal help but also, he has pioneered the birth of several legal mechanisms which all are being readily used in the legal community. Ricardo Tosto has also mentored many of the lawyers in his firm, and they too are grateful to him since they got to learn from the very best in the industry. It is his dedication and hard work towards his professional that has made him one of the top lawyers in the country today. Ricardo at LinkedIn.