There was a deadline for the annual declaration of Brazilian Capitals Abroad or CBE, that expired April 5th. Ricardo Tosto is an attorney and founded Milk, Tosto and Barros. He warns that a fine of $250,000.00 may be imposed if the CBE is not delivered by the due date, is incomplete or contains false information.Ricardo Tosto states the declarations must be sent online with the CBE declaration form. The two types are the Quarterly CBE and the Annual CBE. The Annual is mandatory for residents in Brazil, companies headquartered in Brazil, real estate, shares, deposits and fixed income securities if their profits total one hundred thousand or more in United States dollars by the years end. The Quarterly has to be made by residents, businesses headquartered in Brazil and holding assets totaling one hundred million or more in United States dollars.

Ricardo Tosto received his law degree at the UniversidadePresbiteriana Mackenzie. He graduated from a Business Management Extension Course at the Fundação Armando ÁlvaresPenteado. He is one of the partners at Leite, Tosto and Barros Advogados. According to the AnnuárioAnáliseAdvocacia he is one of Brazil’s main advocates.Ricardo Tosto is an entrepreneur in regards to Brazilian law. His dedication and expertise have placed his office as one of the biggest law firm in Brazil. He has gained national recognition for his defense of numerous individuals and companies. He has been an advocate for large multinational and Brazilian groups, worked pro bono for governments as well as Non-Governmental Organizations and he has worked politicians of all different beliefs.

Ricardo Tosto understands the areas his profession is limited and has been exposed to situations on behalf of his clients defense that were tense and stressful. He has been a contributor to law of high economic importance for Brazil. He helped pioneer numerous legal mechanisms that eventually became commonly used. Ricardo Tosto has the commanding voice for Milk, Tosto and Barros. He trains quite a few of his associates, is the direct supervisor for the most important cases being handled by the firm and is responsible for the formulation and results of strategies. Learn More.