RegAlert2024-09-17 | Instrução Normativa BCB 523Added
Normative Instruction BCB No. 523 of September 17, 2024
This instruction amends the Cosif account list by creating specific accounting rubrics to record revenue and expense adjustments related to transfer pricing for controlled transactions with related parties abroad. It introduces account 7.1.9.35.00-1 for transfer pricing adjustment revenues and account 8.1.9.35.00-8 for transfer pricing adjustment expenses, applicable to Brazilian-domiciled entities subject to IRPJ and CSLL regulations. The changes apply to accounting documents with a reference date of October 2024 and the instruction enters into force on October 1, 2024.
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Cosif - Account List Group 1 - Realizable Asset
NORMATIVE INSTRUCTION BCB NO. 523, OF SEPTEMBER 17, 2024
Amends Normative Instruction BCB No. 273, of April 1, 2022, and Normative Instruction BCB No. 315, of October 27, 2022, to create accounting rubrics for the account list of the Accounting Standard for Institutions Regulated by the Central Bank of Brazil (Cosif).
The Head of the Financial System Regulation Department (Denor), using the authority granted by Article 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 Articles 12 of CMN Resolution No. 4.858, of October 23, 2020, and 10 of BCB Resolution No. 92, of May 6, 2021,
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Lineage: In force
Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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