Telefônica Brasil declares R$230M interest on capital

Telefônica Brasil S.A. declared Interest on Capital (IoC) of R$230,000,000.00 based on the May 31, 2026 balance sheet.

Rhea-AI Filing Summary

Telefônica Brasil S.A. declared Interest on Capital (IoC) of R$230,000,000.00 based on the May 31, 2026 balance sheet. After 17.5% withholding income tax, the total net amount is R$189,750,000.00, with a current gross IoC of R$0.07197382114 per share and net R$0.05937840244 per share.

The Board approved the IoC on June 15, 2026, with shareholders of record at the end of June 26, 2026 eligible, after which shares trade ex-IoC. The amount counts toward mandatory dividends for the 2026 fiscal year and will be paid by April 30, 2027. The per-share value may be adjusted depending on share repurchases under the ongoing buyback program. Shareholders with differentiated or exempt tax status must provide evidence by July 3, 2026.

Insights

Latin America telecom equity analyst

Telefônica Brasil schedules a sizeable 2026 cash distribution via Interest on Capital.

Telefônica Brasil approved an Interest on Capital distribution of R$230,000,000.00, with a net amount of R$189,750,000.00 after a 17.5% withholding tax rate. This mechanism is a Brazilian tax-efficient form of shareholder remuneration, counted against mandatory dividends for the fiscal year ending December 31, 2026.

Eligibility is set by the shareholding position at the end of June 26, 2026, with shares trading ex-IoC afterward. Payment will occur by April 30, 2027, giving the company flexibility on cash timing. The filing notes that the per-share IoC may be recalculated if shares are repurchased under the ongoing buyback program, which spreads the same aggregate value over fewer shares.

The standard 17.5% tax rate can vary for shareholders benefiting from treaties, immunities, or exemptions, and these investors must document their status by July 3, 2026. The overall economic impact for investors will depend on individual tax situations and any future adjustments to the per-share amount driven by share repurchases.

Key Figures

Gross Interest on Capital: R$230,000,000.00 Net Interest on Capital: R$189,750,000.00 Gross IoC per share: R$0.07197382114 per share +5 more

8 metrics

Gross Interest on Capital R$230,000,000.00 Declared June 15, 2026 based on May 31, 2026 balance sheet

Net Interest on Capital R$189,750,000.00 After 17.5% withholding income tax

Gross IoC per share R$0.07197382114 per share Calculated on shareholding position of May 29, 2026

Net IoC per share R$0.05937840244 per share After 17.5% withholding income tax

Withholding tax rate 17.5% Standard rate applied to Interest on Capital

Record date June 26, 2026 Shareholders of record eligible for IoC

Payment deadline April 30, 2027 Latest date by which IoC will be paid

Tax documentation deadline July 3, 2026 For shareholders with differentiated or exempt tax status

Key Terms

Interest on Capital, mandatory dividends, 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.

mandatory dividends financial

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

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

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

book-entry shares financial

"depositary institution of the Company’s book-entry shares, located at Cidade de Deus"

Shares recorded electronically on a central register or in brokerage accounts instead of being issued as paper certificates; ownership is shown as entries in a ledger much like a bank account record. This matters to investors because it makes buying, selling, dividend payments and voting simpler and faster, reduces the risk of lost certificates, and determines how ownership is tracked for corporate actions and legal rights.

FAQ

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

Telefônica Brasil approved Interest on Capital totaling R$230,000,000.00, with a net amount of R$189,750,000.00 after 17.5% withholding tax. This distribution is based on the May 31, 2026 balance sheet and will count toward 2026 mandatory dividends.

What is the record date and ex-IoC date for Telefônica Brasil’s June 2026 IoC?

Shareholders must be on Telefônica Brasil’s books at the end of June 26, 2026 to receive the Interest on Capital. After that date, the shares will trade ex-IoC, meaning new buyers will not be entitled to this specific cash distribution.

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

Telefônica Brasil plans to pay the Interest on Capital by April 30, 2027. The Executive Board will set the exact payment date, and the IoC will be credited individually to eligible shareholders according to the company’s records.

How much Interest on Capital per share will Telefônica Brasil pay?

The filing indicates a gross IoC of R$0.07197382114 per share and a net amount of R$0.05937840244 per share, using a 17.5% withholding tax. The company may later adjust this per-share figure depending on share repurchases under its ongoing buyback program.

How does withholding income tax affect Telefônica Brasil’s Interest on Capital?

The Interest on Capital is subject to a standard 17.5% withholding income tax, reducing the gross R$230,000,000.00 to a net R$189,750,000.00. The rate can differ for shareholders covered by international treaties, tax immunities, exemptions, or privileged tax regimes.

Can the per-share Interest on Capital from Telefônica Brasil change after June 26, 2026?

Yes. The per-share IoC may be recalculated based on the shareholding base on June 26, 2026, particularly if Telefônica Brasil repurchases shares under its ongoing buyback program. The company will issue a market notice if repurchases trigger an adjustment.

What must Telefônica Brasil shareholders with special tax status do for this IoC?

Shareholders with differentiated withholding tax treatment, exemptions, or immunities must provide documentation by July 3, 2026. They must contact Banco Bradesco’s Shares and Custody Department, which is the depositary institution for Telefônica Brasil’s book-entry shares, to register their status.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/15/2026 - 06:05 PM Learn about SEC filing dates

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 June, 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 June 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$230,000,000.00 (two hundred thirty million reais), withholding income tax at the rate of 17.5%, resulting in a net amount of R$189,750,000.00 (one hundred eighty-nine million, seven hundred fifty thousand reais)^[1], based on the balance sheet of May 31, 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	06/15/2026	06/26/2026	0.07197382114	0.01259541870	0.05937840244

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 June 26, 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.

The amount per share of the IoC may be adjusted considering the Company’s shareholding base on June 26, 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.

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 May 29, 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

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 July 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, June 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:	June 15, 2026		By:	/s/ João Pedro Carneiro
				Name:	João Pedro Carneiro
				Title:	Investor Relations Director