---
slug: dispensa-fluxo-caixa
lang: en
titulo: Closed corporation with equity less than R$ 2 million is exempt from publishing cash flow statement
resposta: The closed corporation with equity, at the balance sheet date, less than R$ 2,000,000.00 (two million reais), is exempt from the obligation to prepare and publish the cash flow statement.
curto: Cash flow exemption
tema: Accounting
revisada: 2026-10-02
proxima: 2027-04-02
---
## Data
| Quem | Critério | Consequência | Fonte | Data do dado |
|---|---|---|---|---|
| Companhia fechada | Patrimônio líquido inferior a R$ 2.000.000,00 | Dispensa de elaborar e publicar a demonstração dos fluxos de caixa | Lei 6.404/1976, art. 176, § 6.º | 28/12/2007 |

Data consulted on 02/10/2026.

## Basis
- [Law No. 6.404/1976, compiled (Planalto, in Portuguese)](https://www.planalto.gov.br/ccivil_03/leis/l6404compilada.htm): the art. 176, § 6.º establishes the equity threshold for exempting closed corporations from preparing and publishing cash flow statements.
- [Law No. 11.638/2007 (Planalto, in Portuguese)](https://www.planalto.gov.br/ccivil_03/_ato2007-2010/2007/lei/l11638.htm): amends art. 176 of Law 6.404/1976 to include the requirement for cash flow statements and the paragraph that defines the exemption for smaller closed corporations.

## How it applies
The obligation to prepare the cash flow statement is the general rule for companies at the end of each fiscal year. However, the law provides a specific exception for closed corporations. If the company's equity, measured on the balance sheet date, is less than R$ 2,000,000.00, the company is exempt from preparing and publishing this financial document.

## Limits
- The exemption applies exclusively to closed corporations that meet the equity value criterion.
- The amount of R$ 2,000,000.00 is nominal and fixed according to the wording of Law 11.638/2007; the legal text does not provide automatic monetary updates.
- This sheet does not cover additional obligations for public companies or entities classified as large, which follow specific regulations.
- The versions read are those published by Planalto; subsequent legislative changes must be verified at the official source.