Brazil Tax Agency Releases Updated Version of Electronic Bookkeeping Platform for ICMS, IPI

The Brazilian Federal Revenue Office Sept. 30 announced an updated digital tax bookkeeping system (EFD version 6.0.0) for the state goods and services tax (ICMS) and the industrialized products tax (IPI). The updates include: 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) implementation of the report for model 62 (NFCom); and 5) improved report processing to avoid crashes. The announcement also includes that previous version 5.0.3 can be ...