Brazil Tax Agency Releases Updated Version of Electronic Platform for Social Contributions

The Brazilian Federal Revenue Office April 22 announced an updated digital tax bookkeeping system (EFD version 6.0.7) for social security contributions (COFINS), social integration contributions (PIS/PASEP), and social contributions on gross revenue (CPRB). The update includes a correction to an error in the View Transmission Receipt function. The announcement also includes that: 1) taxpayers are recommended to backup records before installing the updated version; 2) taxpayers who used versions 6.0.5 or 6.0.6 to create or import accounting records must export the records and them re-import them into version 6.0.7 before editing, validating, signing, and transmitting them; and 3) signatures in ...