R$500,000,000 Interest on Capital at Telefônica Brasil (NYSE: VIV)

Rhea-AI Filing Summary

Telefônica Brasil S.A. approved the declaration of Interest on Capital (IoC) based on the June 30, 2026 balance sheet. The gross IoC is R$500,000,000.00, subject to 17.5% withholding income tax, resulting in a net amount of R$412,500,000.00. The initial gross IoC per share is R$0.15646482856, with net per share of R$0.12908348356, for shareholders holding shares at the end of July 27, 2026.

The IoC 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. Shares trade ex-IoC after July 27, 2026, and payment will be made by April 30, 2027. The per-share amount may be adjusted depending on share repurchases under the ongoing Share Buyback Program, with any changes disclosed to the market. Shareholders with differentiated, exempt, or immune tax status must evidence this by August 3, 2026 to Banco Bradesco S.A., the share depositary.

Key Figures

Gross Interest on Capital: R$500,000,000.00 Net Interest on Capital: R$412,500,000.00 Withholding income tax rate: 17.5% +4 more

7 metrics

Gross Interest on Capital R$500,000,000.00 Declared IoC based on the balance sheet of June 30, 2026

Net Interest on Capital R$412,500,000.00 Gross IoC after 17.5% withholding income tax

Withholding income tax rate 17.5% Tax rate applied to the IoC distribution

Gross IoC per share R$0.15646482856 Gross amount per share declared on July 16, 2026

Net IoC per share R$0.12908348356 Net amount per share after 17.5% withholding tax

Record date for IoC July 27, 2026 Shareholding position date to be entitled to IoC

Latest payment date April 30, 2027 Deadline by which IoC proceeds will be paid

Key Terms

Interest on Capital, ex-IoC, Share Buyback Program, withholding income tax, +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.

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 Company’s ongoing 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

"in the gross amount of R$500,000,000.00, withholding income tax at the rate of 17.5%"

Ordinary General Shareholders’ Meeting regulatory

"ad referendum of the Ordinary General Shareholders’ Meeting to be held in 2027"

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FAQ

What Interest on Capital did Telefônica Brasil (VIV) approve for 2026?

Telefônica Brasil approved Interest on Capital of R$500,000,000.00, based on the June 30, 2026 balance sheet. This IoC will count toward the company’s mandatory dividends for the fiscal year ending December 31, 2026, subject to shareholder approval in 2027.

What are the gross and net IoC amounts per share for Telefônica Brasil (VIV)?

The company set a gross IoC of R$0.15646482856 per share, with withholding income tax of 17.5%, resulting in a net IoC of R$0.12908348356 per share. These amounts are initially calculated from the June 30, 2026 share base.

What is the record date and ex-IoC date for Telefônica Brasil (VIV) IoC?

Shareholders must hold shares at the end of July 27, 2026 to receive the IoC. After this date, the company’s shares will trade ex-IoC, meaning new buyers from that point will not be entitled to this specific interest on capital payment.

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

Payment of the approved IoC will occur by April 30, 2027. The exact payment date within this period will be defined by the company’s Executive Board and will be applied individually to each shareholder on the July 27, 2026 shareholding position.

Can the IoC amount per share for Telefônica Brasil (VIV) change before payment?

Yes. The IoC per-share amount may be adjusted to reflect the shareholding base on July 27, 2026, considering possible repurchases under the Share Buyback Program. If repurchases occur, the company will publish a market notice with the recalculated per-share amount.

How is withholding income tax handled on Telefônica Brasil (VIV) Interest on Capital?

IoC is subject to a 17.5% withholding income tax, yielding a net R$412,500,000.00. Shareholders with differentiated, exempt, or immune tax treatment under international agreements or legislation must provide supporting documentation by August 3, 2026 to Banco Bradesco’s Shares and Custody Department.

How does Telefônica Brasil (VIV) treat this IoC within its dividend policy?

The approved Interest on Capital will be treated as part of the mandatory dividends for the 2026 fiscal year. Its effectiveness is subject to ratification by the Ordinary General Shareholders’ Meeting scheduled to be held in 2027, in line with the company’s bylaws.

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 July, 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 July 16, 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$500,000,000.00 (five hundred million reais), withholding income tax at the rate of 17.5%, resulting in a net amount of R$412,500,000.00 (four hundred and twelve million, five hundred thousand reais)¹, based on the balance sheet of June 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	07/16/2026	07/27/2026	0.15646482856	0.02738134500	0.12908348356

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 July 27, 2026. After this date, the shares will trade as “ex-IoC”. The payment of these proceeds will be made by April 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 June 30, 2026.

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

The amount per share of the IoC may be adjusted considering the Company’s shareholding base on July 27, 2026, due to possible acquisitions of shares under the Company’s ongoing Share Buyback Program. In the event of share repurchases, the Company will disclose a Notice to the Market informing the recalculated amount per share. If no share repurchases occur during the respective period, the information contained in this Notice shall remain valid, and no additional Notice to the Market will be issued to confirm the amount per share.

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 August 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, July 16, 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:	July 16, 2026		By:	/s/ João Pedro Carneiro
				Name:	João Pedro Carneiro
				Title:	Investor Relations Director