Circular Letter No. 4064 - Creates Accounting Line Item in the National Financial System Institutions' Accounting Plan for Tax Credit Balance Control

The Head of the Financial System Regulation Department (Denor), using the authority granted by Article 23, item I, clause "a", of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015, based on item 4 of Circular Letter No. 1,540, of October 6, 1989,

R E S O L V E S:

Art. 1. The following sub-accounts are created in the Accounting Plan of the National Financial System Institutions (Cosif), with UBDKIFJACTSWERLMNHYZ attributes:

I - 3.0.9.84.21-3 Temporary Tax Credit – Passive Provisions – Fiscal and Social Security Contingencies; and

II - 3.0.9.84.29-9 Temporary Tax Credit – Passive Provisions – Others.

Art. 2. The accounting sub-account 3.0.9.84.20-6 Temporary Tax Credits – Passive Provisions is excluded from Cosif.

Art. 3. The provisions of this Circular Letter apply to accounting documents prepared from the June 2020 reporting base.

Sole Paragraph. From the date mentioned in the caput, existing balances in account 3.0.9.84.20-6 Temporary Tax Credits – Passive Provisions must be reclassified into the adequate accounting line items created by this Circular Letter.

Art. 4. This Circular Letter enters into force on the date of its publication.

João André Calvino Marques Pereira