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

The Brazilian Federal Revenue Office July 7 issued an updated guide on the digital accounting bookkeeping (EFD) system, version 3.1.9, for state goods and services tax (ICMS) and industrialized products tax (IPI). The updates include the: 1) creation of field 11 in record 1310; 2) inclusion of the valid value “2” in field 02 of record C120; 3) disablement of the rule applied in fields 12 of record C100 and field 05 of record C190; 4) inclusion of the observation of record C100 concerning the non-registration of tax documents containing information solely related to new taxes created in the Consumption ...