Business Context and Reporting Period
Company: TELEFONICA BRASIL S.A.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: March 13, 2026
Subject: Declaration of Interest on Capital (IoC) by the Board of Directors.
Key Financial Metrics
The filing discloses a specific capital distribution event rather than comprehensive financial statements. Key figures include:
- Gross Interest on Capital (IoC): R$200,000,000.00
- Withholding Income Tax (17.5%): R$35,000,000.00
- Net Interest on Capital: R$165,000,000.00
- Gross Amount per Share: R$0.06258593142
- Net Amount per Share: R$0.05163339342
Note: The filing text does not provide clear values for total revenue, net profit, operating cash flow, margins, total debt, or liquidity ratios.
Material Changes and Distribution Details
The Board approved the IoC based on the balance sheet as of February 28, 2026. This distribution is considered part of the mandatory dividends for the fiscal year ending December 31, 2026, subject to ratification by the Ordinary General Shareholders' Meeting in 2027.
- Record Date: March 25, 2026 (Shareholding position determines eligibility).
- Ex-IoC Date: Shares will trade ex-IoC after March 25, 2026.
- Payment Date: On or before April 30, 2027 (Exact date to be set by the Executive Board).
- Adjustment Clause: The per-share amount may be adjusted based on the shareholding base on the record date due to potential share buybacks.
Guidance, Risks, and Contingencies
Management Commentary: The distribution is executed pursuant to Article 26 of the Company's Bylaws, Article 9 of Law 9,249/95, and CVM Resolution 143/2022.
Risks and Contingencies:
- Tax Variability: The standard withholding tax rate is 17.5%, but this may vary for shareholders based on international treaties, tax immunities, exemptions, or privileged tax regimes.
- Documentation Requirement: Shareholders claiming differentiated tax treatment must provide evidence to the depositary institution (Banco Bradesco S.A.) by April 3, 2026.
- Share Buyback Impact: The final per-share amount is contingent on the share count on the record date, which could be affected by the Company's Share Buyback Program.
Investor Verification Checklist
- Verify shareholding position as of the close of business on March 25, 2026, to confirm eligibility.
- Confirm if the shareholder qualifies for a reduced withholding tax rate under international treaties and submit documentation to Banco Bradesco S.A. by April 3, 2026.
- Monitor announcements for the exact payment date, which will be set by the Executive Board prior to April 30, 2027.
- Review the Company's Share Buyback Program status to understand potential adjustments to the per-share payout amount.
- Attend or review the Ordinary General Shareholders' Meeting in 2027 for the ratification of this IoC as part of mandatory dividends.