The Brazilian Senate is currently reviewing Senate Law Project 298/2015 (PLS 298), which includes measures for the creation of a new voluntary disclosure program for unreported foreign assets: the Currency and Tax Compliance Special Regime (Regime Especial de Regularização Cambial e Tributária, RERCT). The program will allow both individual and corporate taxpayers to voluntarily disclose any legally obtained funds, assets or rights that have been remitted or kept abroad or repatriated into Br…