Brazil Tax Agency Issues Updated Guide on Electronic Bookkeeping Platform for ICMS, IPI

The Brazilian Federal Revenue Office June 27 issued an updated guide on the digital accounting bookkeeping (EFD) system, version 3.1.4, for state goods and services tax (ICMS) and industrialized products tax (IPI). The guide is effective from January 2024. The updates include: 1) the issuance of a warning message when there are two or more C100 records with the same combination of fields; 2) the inclusion of specific statements in records C500 and C700; 3) the inclusion of instructions regarding electronic electric energy invoices in records C590 and C790; 4) the addition of instructions and a valid value in the ...