R$600M Telefônica Brasil (NYSE: VIV) interest on capital approved

Rhea-AI Filing Summary

Telefônica Brasil S.A. approved the declaration of Interest on Capital, a type of shareholder distribution in Brazil, totaling R$600,000,000.00 gross based on the balance sheet of April 30, 2026. After withholding income tax at a standard rate of 17.5%, the net amount comes to R$495,000,000.00.

The indicated gross amount per share is R$0.18775779427, with a net amount per share of R$0.15490018027, initially calculated on the shareholding position of April 30, 2026. Shareholders of record at the end of May 27, 2026 will be entitled to receive this Interest on Capital, and the shares will trade ex-IoC after that date.

The payment will be made by May 30, 2027, and the distribution will be considered part of the mandatory dividends for the fiscal year ending December 31, 2026, subject to approval at the Ordinary General Shareholders’ Meeting in 2027. Shareholders with special or exempt tax status must submit supporting documentation by June 3, 2026.

Key Figures

Gross Interest on Capital: R$600,000,000.00 Net Interest on Capital: R$495,000,000.00 Gross IoC per share: R$0.18775779427 +5 more

8 metrics

Gross Interest on Capital R$600,000,000.00 Board-approved distribution based on April 30, 2026 balance sheet

Net Interest on Capital R$495,000,000.00 After 17.5% withholding income tax

Gross IoC per share R$0.18775779427 Calculated on April 30, 2026 shareholding position

Net IoC per share R$0.15490018027 After 17.5% tax, subject to adjustment by May 27, 2026

Withholding income tax rate 17.5% Standard rate on Interest on Capital, subject to treaty variations

Record date May 27, 2026 Shareholding position determining entitlement to Interest on Capital

Latest payment date May 30, 2027 Deadline by which Interest on Capital must be paid

Tax documentation deadline June 3, 2026 Cutoff for shareholders to prove differentiated tax status

Key Terms

Interest on Capital, mandatory dividends, ex-IoC, Share Buyback Program, +1 more

5 terms

Interest on Capital financial

"approved the declaration of Interest on Capital (“IoC”), pursuant to Article 26"

Interest on capital is the cost a business pays for using money — either money it borrowed or funds provided by owners — and functions like rent paid for that capital. It matters to investors because higher interest payments reduce profits and cash available for dividends or growth, while lower interest costs leave more profit and improve company value; think of it as the price of fueling a company’s operations.

mandatory dividends financial

"IoC will be considered as part of the mandatory dividends for the fiscal year"

ex-IoC financial

"After this date, the shares will trade as “ex-IoC”."

Share Buyback Program financial

"due to possible acquisitions of shares under the current Company's Share Buyback Program."

A share buyback program is when a company uses its cash to repurchase its own outstanding shares from the market, reducing the number of shares available to investors. That matters because it can raise the value of remaining shares and signal management's confidence in the business—similar to a bakery buying back unsold loafs to make each remaining loaf represent a larger share of its oven’s output—though buybacks can also affect cash available for other uses.

withholding income tax financial

"withholding income tax at the rate of 17.5%, resulting in a net amount"

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May, 2026

Commission File Number: 001-14475

TELEFÔNICA BRASIL S.A.
(Exact name of registrant as specified in its charter)

TELEFONICA BRAZIL S.A. (Translation of registrant’s name into English)

Av. Eng° Luís Carlos Berrini, 1376 -  28º andar
São Paulo, S.P.
Federative Republic of Brazil
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F X Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes No X 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes No X 

 

TELEFÔNICA BRASIL S.A.

Publicly Held Company

Corporate Taxpayer’s ID (CNPJ) 02.558.157/0001-62

Company Registry (NIRE) 35.3.001.5881-4

NOTICE TO SHAREHOLDERS

DELIBERATION OF INTEREST ON CAPITAL

Telefônica Brasil S.A. (“Company”) communicates to its Shareholders that its Board of Directors, at a meeting held on May 15, 2026, approved the declaration of Interest on Capital (“IoC”), pursuant to Article 26 of the Company’s Bylaws, Article 9 of Law 9,249/95 and CVM Resolution 143/2022, in the gross amount of R$600,000,000.00 (six hundred million reais), withholding income tax at the rate of 17.5%, resulting in a net amount of R$495,000,000.00 (four hundred and ninety-five million reais)¹, based on the balance sheet of April 30, 2026. The amount per share is described in the table below:

Type of Payment	Declaration Date	Shareholding Position	Gross Amount per Share (R$)[2]	Withholding Income Tax (17.5%)[1]	Net Amount per Share (R$)[1],[2]
Interest on Capital	05/15/2026	05/27/2026	0.18775779427	0.03285761400	0.15490018027

As established in article 26 of the Company’s Bylaws, said IoC will be considered as part of the mandatory dividends for the fiscal year ending on December 31, 2026, ad referendum of the Ordinary General Shareholders’ Meeting to be held in 2027.

The IoC will be paid individually to each shareholder, based on the shareholding position in the Company’s records at the end of May 27, 2026. After this date, the shares will trade as “ex-IoC”. The payment of these proceeds will be made by May 30, 2027, with the Company’s Executive Board being responsible for setting the exact date.

^[1] Considers the standard tax rate of 17.5%, which may vary due to international treaties, tax immunities and exemptions, countries with favorable taxation, and privileged tax regimes.

^[2] Amount per share calculated based on the shareholding position of April 30, 2026.

The amount per share of Interest on Capital may be adjusted according to the Company’s shareholding base on May 27, 2026, due to possible acquisitions of shares under the current Company's Share Buyback Program.

Shareholders subject to a differentiated withholding income tax (IRRF) regime based on international agreements and treaties, as well as shareholders that are exempt or immune, must provide evidence of such status, in accordance with current legislation, by June 3, 2026, to the Shares and Custody Department of Banco Bradesco S.A., the depositary institution of the Company’s book-entry shares, located at Cidade de Deus, s/n, Prédio Amarelo Velho, subsolo – Vila Yara – Zip Code: 06029-900 – Osasco – SP.

São Paulo, May 15, 2026.

Rodrigo Rossi Monari

CFO and Investor Relations Officer

Telefônica Brasil – Investor Relations

Email: ir.br@telefonica.com

https://ri.telefonica.com.br/en

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			TELEFÔNICA BRASIL S.A.
Date:	May 15, 2026		By:	/s/ João Pedro Carneiro
				Name:	João Pedro Carneiro
				Title:	Investor Relations Director

FAQ

What did Telefônica Brasil (VIV) approve in this 6-K filing?

Telefônica Brasil approved Interest on Capital of R$600,000,000.00 for shareholders. This Brazilian profit distribution mechanism will count toward mandatory dividends for the 2026 fiscal year, pending approval at the 2027 Ordinary General Shareholders’ Meeting.

How much will Telefônica Brasil (VIV) shareholders receive per share in Interest on Capital?

The indicated gross amount per share is R$0.18775779427 and the net amount is R$0.15490018027. These values are based on the April 30, 2026 share position and may be adjusted for share buybacks before the May 27, 2026 record date.

What are the record date and ex-IoC date for Telefônica Brasil’s Interest on Capital?

Shareholders must be on Telefônica Brasil’s records at the end of May 27, 2026 to receive Interest on Capital. After this date, the shares will trade ex-IoC, meaning new buyers will not be entitled to this specific distribution.

When will Telefônica Brasil (VIV) pay the approved Interest on Capital?

Telefônica Brasil plans to pay the Interest on Capital by May 30, 2027. The company’s Executive Board will set the exact payment date, and the amount will be treated as part of 2026 mandatory dividends, subject to shareholder approval.

What tax rate applies to Telefônica Brasil’s Interest on Capital distribution?

A standard withholding income tax rate of 17.5% applies to the Interest on Capital, reducing the gross R$600,000,000.00 to a net R$495,000,000.00. Shareholders with special, exempt or treaty-based status may seek different treatment by submitting documentation.

How can Telefônica Brasil (VIV) shareholders with special tax status claim different withholding treatment?

Shareholders subject to differentiated withholding, exemptions, or international treaty benefits must provide evidence by June 3, 2026. Documentation should be sent to Banco Bradesco S.A.’s Shares and Custody Department, the depositary institution for Telefônica Brasil’s book-entry shares.