Palaeomagnetic study of the carbonates that ubiquitously cap glacial deposits may constrain the latitudinal extent of Neoproterozoic glaciations and the duration of the greenhouse recovery. We present the first palaeomagnetic data on the Neoproterozoic cap carbonates covering the Amazon craton, which are folded along the Paraguay Belt. Samples collected at deformed beds along the Paraguay Belt present a single‐polarity secondary magnetization acquired by the end of the Brasiliano orogeny (540–520 Ma). In the cratonic area, a dual‐polarity component was isolated in dolostones at the base of the sequence. The presence of a stratabound reversal stratigraphy along with high unblocking temperatures strongly suggest that this magnetization is primary. This result implies a low palaeolatitude (22+6/−5°) for the Amazon block just after deposition of Puga diamictites. In addition, the presence of multiple reversals across the first 20 m of the cap carbonate sequence suggests that their sedimentation must have spanned hundreds of thousands of years at least.