On September 16, 2024, Law 14,973/24 was enacted, which, among various provisions, introduces an important change for individuals and businesses: unclaimed amounts in financial institutions, such as banks and consortiums, may be incorporated into the National Treasury if they are not claimed by the owners within the established deadlines.
Deadline for Claiming
Law 14,973/24 stipulates that the holders of unclaimed amounts will have 30 days from the publication of the law to request the return of the funds from the financial institutions. If this does not occur, a notice will be published by the Ministry of Finance, listing the unclaimed amounts. After the publication of this notice, there will be a new 30-day period for contestation and claim.
If the amounts are not claimed by the end of this second deadline, it will still be possible to go to court within six months to request recognition of the right to the deposit. After this period ends, and if there is no contestation, the amounts will be definitively incorporated into the National Treasury and counted as public revenue.
Consulting Unclaimed Amounts
Taxpayers can check if they have unclaimed amounts through the Receivable Amounts System (SVR), provided by the Central Bank. To make the inquiry, one must access the system using a CPF or CNPJ and follow the indicated steps. It is also possible to check potential balances belonging to deceased individuals.
Impact of the Measure
This measure is part of a set of actions aimed at balancing public accounts, compensating for the gradual reinstatement of payroll taxes scheduled for the coming years. Although holders still have the opportunity to reclaim their funds, it is crucial that individuals and businesses stay alert to the deadlines to avoid losing access to their resources.
Our team is available to assist with the consultation and claiming of these amounts, as well as to clarify any doubts regarding the legal procedures and established deadlines.