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Brazil upgrades EFD ICMS and IPI reporting platform

Monthly electronic fiscal file portal upgraded under SPED

Brazil has upgraded the record-keeping portal for ICMS and IPI indirect taxes. The new version comes into effect from 1 January 2022.

The portal is used for reporting to the Federal Revenue Office of Brazil accounting records for ICMS and IPI taxes on a monthly basis via the EDF portal. EDF, escrituração fiscal digital, comes under the Public Digital Bookkeeping System (SPED). Sign-up for our free VAT & GST news updates.

ICMS and IPI taxes

  • IPI, Imposto sobre Produtos Industrializados – the federal tax on manufactured goods. The rate can be up to 300%.
  • ICMSImposto sobre Operações Relativas à Circulação de Mercadorias e Serviços de Transporte Interestadual e Intermunicipal e de Comunicações – the state tax which applies to the movement of goods, transportation, communication services and other general supplies of goods. The current tax level is between 7% and 25%. A major challenge of ICMS is that it is not levied on the destination basis like most VAT regimes; instead on the origin basis.

There are a range of Brazilian tax reforms still under discussion.

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