Federal Revenue Service extends in 180 days final term for identification of beneficial owners

Normative Ruling No. 1,863/2018, which establishes general rules related to the National Registry of legal Entities“CNPJ”) and expressly revokes the previous rule, was published today12/28/2018).
Among the provisions of the new Ruling, section 53 provides a new deadline for entities to inform their beneficial owners: 180 days from the publication date of the Normative Ruling.
According to Normative Ruling No. 1,634/2018, repealed by the Ruling published today, companies would have until 12/31/2018 to inform their beneficial owners before the Federal Revenue Service.
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