Instruction Normative BCB No. 542 — Amends Instruction Normative BCB No. 432 of December 1, 2023, Defining Accounting Items for the Debtor Result Group of the Cosif Chart of Accounts

Resolution No. 222

INSTRUCTION NORMATIVE
BCB No. 542, OF NOVEMBER 5, 2024

Amends
Instruction Normative BCB No. 432, of December 1, 2023, which defines the accounting items of the Debtor Result group in the chart of accounts of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif) for use by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

The Head of the Department of Regulation of the Financial System (Denor), in the exercise of the authority conferred upon him by Art. 23, item I, letter "a", of the Internal Regulations of the Central Bank of Brazil, annexed to Resolution BCB No. 340, of September 21, 2023, based on Arts. 12 of CMN Resolution No. 4,858, of October 23, 2020, and 10 of BCB Resolution No. 92, of May 6, 2021,

R E S O L V E S:

Art.
1º The following accounting items are included in Annex I of Instruction Normative BCB No. 432, of December 1, 2023, published in the Official Gazette of the Union on December 14, 2023, observing the order of the "Account Code" column:

Account Code	Account Name	Estban	Function
8.1.1.78.00.00-9	(-) DEVELOPMENT CREDIT NOTES	712	Record the expenses for raising funds from the issuance of Development Credit Notes (LCD).
8.1.1.98.00.00-7	(-) EXPENSES FOR REMUNERATION OF PREPAID PAYMENT ACCOUNTS	712	Record expenses with remuneration of prepaid payment accounts, in accordance with current regulations.
8.1.9.35.00.00-0	(-) EXPENSES FOR ADJUSTMENTS OF TRANSFER PRICES	712	Record negative results arising from compliance with current legislation that sets out transfer pricing rules, for which there is no more specific accounting item.
8.1.9.91.15.00-4	(-) Payment Transactions	-	-
8.1.9.91.15.10-7	(-) Payment Transactions - Receivables from End Users	-	-
8.1.9.91.15.20-0	(-) Other Financial Assets Related to Payment Transactions	-	-

Art. 2º The following accounting items are excluded from Annex I of Instruction Normative BCB No. 432, of 2023:

Account Code	Account Name	Estban	Function
8.1.9.92.15.00-7	(-) Payment Transactions	-	-
8.1.9.92.15.10-0	(-) Payment Transactions - Receivables from End Users	-	-
8.1.9.92.15.20-3	(-) Other Financial Assets Related to Payment Transactions	-	-

Art. 3º The following accounting items are amended in Annex I of Instruction Normative BCB No. 432, of 2023:

Account Code	Account Name	Estban	Function
8.1.1.90.00.00-3	(-) BOND EXPENSES	712	Record the expenses for raising funds from the issuance of bonds that constitute the effective cost of the institution, in the period.
8.1.2.40.00.00-5	(-) LOANS EXPENSES ABROAD	712	Record expenses and charges on loans contracted abroad for on-lending in the Country.
8.1.5.50.39.00-7	(-) Options - Shares	-	-
8.1.9.18.10.00-8	(-) For Advance Receipts from Own Operations	-	-
8.1.9.18.20.00-5	(-) Other Advance Receipts	-	-
8.1.9.90.00.00-9	(-) EXPENSES FOR UPDATE OF TAXES AND CONTRIBUTIONS	712	Record the amounts corresponding to the updates of provisions for taxes and contributions on profits, wages, third-party services and others, observing the variation of the relevant official indices.

Art.
4º The following accounting items are amended in Annex III of Instruction Normative BCB No. 432, of 2023:

Account Code	Account Name	Estban	Function
8.9.1.00.00.00-6	(-) Result Determination	-	-
8.9.1.10.00.00-5	(-) RESULT DETERMINATION	712	Record, upon preparation of the analytical semi-annual balance sheets, the determination of the institution's result in the balanced period.
8.9.4.00.00.00-7	(-) Taxes on Profit	-	-
8.9.4.10.00.00-6	(-) INCOME TAX	712	Record the values related to income tax.
8.9.4.10.10.00-3	(-) Current Values	-	Record the values related to income tax on the taxable result of the period, when positive.
8.9.4.10.20.00-0	(-) Deferred Tax Liability	-	Record the values related to the establishment of deferred tax liabilities for income tax related to gains classified as temporary differences between accounting practices and tax rules.
8.9.4.10.30.00-7	(-) Deferred Tax Asset	-	Record the values corresponding to the reversal of deferred tax assets for income tax related to tax loss or expenses classified as temporary differences between accounting practices and tax rules, from previous periods.
8.9.4.20.00.00-5	(-) SOCIAL CONTRIBUTION	712	Record the values related to social contribution.
8.9.4.20.10.00-2	(-) Current Values	-	Record the values related to social contribution on the taxable result of the period, when positive.
8.9.4.20.20.00-9	(-) Deferred Tax Liability	-	Record the values of deferred social contribution liabilities related to gains classified as temporary differences between accounting practices and tax rules.
8.9.4.20.30.00-6	(-) Deferred Tax Asset	-	Record the values corresponding to the reversal of deferred social contribution assets related to negative base or expenses classified as temporary differences between accounting practices and tax rules, from previous periods.

Art. 5º This Instruction Normative enters into force on November 11, 2024.

GILNEU
FRANCISCO ASTOLFI VIVAN

NOTE
762/2024–BCB/DENOR, OF NOVEMBER 5, 2024

Justifies proposal for issuance of instruction normative that amends accounting items of the Debtor Result group in the chart of accounts of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif).

Mr. Head of Denor,

This Note justifies proposal for issuance of instruction normative that amends accounting items of the chart of accounts of the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif), according to the competence of the Department of Regulation of the Financial System (Denor), in the exercise of the authority conferred in Art. 23, item I, letter "a", of the Internal Regulations of the Central Bank of Brazil (BCB), annexed to Resolution BCB No. 340, of September 21, 2023, based on Arts. 12 of CMN Resolution No. 4,858, of October 23, 2020, and 10 of BCB Resolution No. 92, of May 6, 2021.

2.         After  
   

conclusion of the harmonization process of the accounting standards provided for in Cosif with the international pronouncement IFRS 9 – Financial Instruments, issued by the International Accounting Standards Board (IASB), it was necessary to promote changes in the account structure of the Cosif chart of accounts, in order to allow the creation of new items and to meet the needs derived from the implementation of international standards.

3.           Thus, in  
   

december 2023, based on BCB Resolution No. 92, of 2021, instructions were issued consolidating the structure of the Cosif chart of accounts, with effect from January 2025. However, after the issuance of the instructions, it was found necessary to make some adjustments, in order to incorporate new changes to the account structure, to meet new legal and regulatory requirements, correct improprieties and improve the quality of information provided. Therefore, it is necessary to adjust Annexes I and III of Instruction Normative BCB No. 432, of December 1, 2023, which defines the accounting items of the Debtor Result group in the Cosif chart of accounts.

4.           Finally, in  
   

compliance with the provisions of Art. 5º of Law No. 13,874, of September 20, 2019, Decree No. 10,411, of June 30, 2020, determines that proposals for normative acts of general interest of economic agents formulated by bodies and entities of the direct, autarchic and foundation federal public administration, as well as by collegial bodies through the body or entity responsible for providing administrative support, must be preceded by a Regulatory Impact Analysis (RIA).

5.           However,  
   

as provided in Art. 4º, items II, IV and VII, of this Decree, the mandatory preparation of RIA may be waived for a normative act that seeks to regulate rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives, that seeks to update or revoke norms considered obsolete, without change of merit, and also for normative acts that reduce requirements, obligations, restrictions, requests or specifications with the objective of reducing regulatory costs. In view of these provisions, the instruction normative now proposed is exempt from the preparation of RIA.

For your consideration.

UVERLAN RODRIGUES PRIMO
Deputy Head

Agreed.

GILNEU FRANCISCO ASTOLFI VIVAN
Department Head