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Brazil Updates Digital Tax Bookkeeping System for ICMS and IPI with New EFD Version 5.0.3

  • The Brazilian Federal Revenue Office announced an updated digital tax bookkeeping system EFD version 5.0.3
  • The update is for the state goods and services tax ICMS and the industrialized products tax IPI
  • Includes a correction for the use of the EFD ICMS IPI program with the EFD-contributions program
  • Updated pre-validation functionality to prevent crashes

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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