mandatory declaration
[/mænˈdætəri ˌdɛkləˈreɪʃən/]
nounpl: mandatory declarations
declaração obrigatória
1. A formal statement or disclosure that is legally required to be made by law, regulation, or official requirement
The mandatory declaration of conflicts of interest is required for all government employees.
A declaração obrigatória de conflitos de interesse é exigida para todos os funcionários públicos.
2. An official written statement that must be submitted to authorities regarding specific information, assets, or circumstances
Customs requires a mandatory declaration of all items exceeding the duty-free limit.
A alfândega exige uma declaração obrigatória de todos os itens que excedem o limite de isenção de direitos.
3. A legally binding disclosure required in financial, legal, or administrative contexts
Shareholders must file a mandatory declaration when acquiring more than 5% of company stock.
Os acionistas devem registrar uma declaração obrigatória ao adquirir mais de 5% das ações da empresa.
In both Brazil and the USA, mandatory declarations are critical components of legal compliance, particularly in tax matters, customs procedures, and government employment. In Brazil, 'declaração obrigatória' is commonly associated with government requirements (Receita Federal tax declarations, customs declarations at airports, and conflict-of-interest statements for public officials). The term reflects the importance of transparency and accountability in official transactions.
Related Idioms & Phrases
mandatory declaration of assets
mandatory declaration of income
failure to file a mandatory declaration
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