compulsory declaration
[kəmˈpʌlsəri dɛkləˈreɪʃən]
nounpl: compulsory declarations
declaração obrigatória
1. A mandatory formal statement or disclosure required by law or regulation that must be made by an individual or organization
The compulsory declaration of income is required for all taxpayers by April 15th.
A declaração obrigatória de renda é exigida para todos os contribuintes até 15 de abril.
2. A legal requirement to formally disclose information, assets, interests, or facts to government authorities or relevant institutions
Public officials must file a compulsory declaration of their assets and potential conflicts of interest.
Funcionários públicos devem apresentar uma declaração obrigatória de seus bens e possíveis conflitos de interesse.
3. An enforceable disclosure mandated by law that carries penalties for non-compliance or false statements
The compulsory declaration of foreign bank accounts is monitored by the IRS.
A declaração obrigatória de contas bancárias no exterior é monitorada pela Receita Federal.
In Brazil, compulsory declarations are primarily associated with the annual tax filing season (Declaração de Imposto de Renda) managed by Receita Federal. Public officials and professionals in regulated sectors are subject to additional compulsory disclosures. The term carries significant legal weight and non-compliance can result in substantial fines and penalties. In the USA, similar requirements exist through IRS tax returns and various SEC filings for corporate disclosure.
Related Idioms & Phrases
under compulsory declaration
subject to compulsory declaration
file a compulsory declaration
failure to file a compulsory declaration
Look up more words on Fala2Me
The free English-Portuguese dictionary with real Brazilian accents, NYC slang, conjugator and more
Open Fala2Me →