Travelers can now enter or leave the country with up to $10,000 in cash

As of this Friday (30th), travelers will be able to enter or leave Brazil with up to US$ 10,000 in cash (R$ 52,100 at current exchange rates), without the need for a declaration.

The change is contained in the Foreign Exchange and International Capital Law (14.286/2021), which was published a year ago and is now in force.

Previously, the limit was set at R$ 10,000. Anyone wishing to travel with a higher amount needed to fill out a document called e-DBV (Electronic Declaration of Travellers’ Goods (e-DVB), informing the Federal Revenue Service. Without the declaration, entry into Brazil with amounts above the ceiling was subject to taxation.

The new limit is stipulated in dollars, but applies to any foreign currency, in addition to the real.

Carrying any amount over US$ 10,000 in cash requires the traveler to complete the e-DVB, under the risk of having the surplus money withheld by the Federal Revenue Service, in addition to criminal sanctions.

The objective of the law, according to the Central Bank, is to modernize, simplify and consolidate the existing rules on the exchange market and international capital.

In addition to the new limit for traveling with cash, the measure excluded control for carrying checks and traveler’s checks, and changed rules for transactions carried out by natural persons.

Now, it is allowed to trade foreign currency between individuals —as long as it is occasional and not professional—with a limit of up to US$500 (R$2,608, at current exchange rates).

Another novelty is the permission to open an international account in Brazilian territory, within the rules of the Central Bank.

The legislation is considered a new Brazilian exchange rate framework, allowing, for example, national banks and financial institutions to finance Brazilian exports abroad.

“The efficiency gains brought about by the new legislation also positively impact the attraction of foreign capital, both for investments in the financial and capital markets and for direct investments, including long-term investments and in infrastructure projects and concessions”, he published the BC, at the time of approval of the law.

How to fill out the e-DBV to travel with more than US$ 10,000

1 – Go to the IRS website (direct link here)

2- Select the option of entering or leaving the country

3- Fill in the form with information about the luggage

4- In the item referring to the transport of values ​​in cash, insert which currency (real, dollar, euro) is being carried and the total amount transported

5- Print the declaration and take it with you for the trip