Brazil’s tax authorities have revised the layout for the monthly returns for the value-added tax (ICMS) and excise tax (IPI) on 5 November 2024.
This updated layout features modifications to validation rules, inclusion of new fields, and updates to the mandatory status of specific existing fields.
As per the existing legislation, taxpayers must record and report fiscal information regarding all incoming and outgoing transactions, acquisitions, and services, as well as entries made in the fiscal reporting periods and other related information documents, in a digital file.
The file must be submitted to the programme specified by the state and federal tax authorities. It must contain information on the tax assessment periods and will be transmitted according to the deadlines established by the legislation of each state and the Federal Revenue Service.
The taxpayer may resubmit a file to replace a previously transmitted file, observing the permission, rules, and deadlines established by the legislation of each state and the Federal Revenue Service within their respective areas of jurisdiction.
The main changes pertain to the following sections of the returns:
- C700: Electronic invoices (e-invoices) concerning electricity;
- D100 & D130: E-invoices for transportation services (CT-e);
- E113: Validation of the transaction party reported for ICMS adjustments, and:
- D700 & D750: E-invoices for telecommunications services.
