Telefônica Brasil (NYSE: VIV) plans IoC payout by April 2027

Rhea-AI Filing Summary

Telefônica Brasil S.A. announced that its Fiscal Council unanimously approved a proposal to declare Interest on Capital (IoC) based on the balance sheet as of July 31, 2026. The proposed IoC totals R$350,000,000.00 gross, or R$288,750,000.00 net after a standard 17.5% withholding income tax rate. The proposal sets a gross IoC of R$0.109525379992 per share, equivalent to R$0.090358438491 per share net, initially calculated from the shareholding position on July 31, 2026 and subject to adjustment due to the ongoing share buyback program. Shareholders of record at the end of August 26, 2026 will be entitled to the IoC, and the shares will trade "ex-IoC" after that date. The net IoC amount will be allocated to the mandatory minimum dividend for the fiscal year ending December 31, 2026, subject to approval at the 2027 Ordinary General Meeting, with payment to be made by April 30, 2027.

Filing Explained

The company discloses that its Fiscal Council gave a favorable opinion to a proposed R$350,000,000.00 Interest on Capital payment and submitted it to the Board; the filing therefore records a proposal, not a completed declaration, with the disclosed approvals still pending before holder entitlement is established.

Key Figures

Gross Interest on Capital: R$350,000,000.00 Net Interest on Capital: R$288,750,000.00 Withholding income tax rate: 17.5% +4 more

7 metrics

Gross Interest on Capital R$350,000,000.00 IoC based on the balance sheet as of July 31, 2026

Net Interest on Capital R$288,750,000.00 Gross IoC after applying 17.5% withholding income tax

Withholding income tax rate 17.5% Standard tax rate used for IoC net amount calculation

Gross IoC per share R$0.109525379992 Per-share gross IoC initially calculated using July 31, 2026 shareholding

Net IoC per share R$0.090358438491 Per-share net IoC based on initial July 31, 2026 shareholding

Record date for IoC entitlement August 26, 2026 Shareholders on record at end of this date receive the IoC

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

Key Terms

Interest on Capital, withholding income tax, mandatory minimum dividend, ex-IoC

4 terms

Interest on Capital financial

"The proposal for the declaration of Interest on Capital ("IoC")"

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.

withholding income tax financial

"corresponding to R$288,750,000.001 net of withholding income tax"

mandatory minimum dividend financial

"The net amount of the IoC will be allocated to the mandatory minimum dividend"

ex-IoC financial

"After this date, the shares will be considered "ex-IoC""

FAQ

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

Telefônica Brasil’s Fiscal Council approved a proposal for R$350,000,000.00 in gross Interest on Capital. The corresponding net amount is R$288,750,000.00 after a standard 17.5% withholding income tax rate is applied.

What is the per-share Interest on Capital announced by Telefônica Brasil (VIV)?

The proposal sets a gross IoC of R$0.109525379992 per share and a net IoC of R$0.090358438491 per share. These values were initially calculated using the shareholding position on July 31, 2026 and may change with the buyback.

What is the record date for Telefônica Brasil (VIV) shareholders to receive this Interest on Capital?

Shareholders must be on Telefônica Brasil’s records at the end of August 26, 2026 to receive this IoC. After that date, the company’s shares will trade “ex-IoC”, and new buyers will not be entitled to this specific distribution.

How will the Interest on Capital affect Telefônica Brasil (VIV)’s 2026 dividends?

The net IoC amount will be allocated to Telefônica Brasil’s mandatory minimum dividend for the fiscal year ending December 31, 2026. This allocation is subject to approval at the Ordinary General Meeting expected to be held in 2027.

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

The payment of this Interest on Capital will be made by April 30, 2027. The company’s management will subsequently define the exact payment date within this deadline once the corporate approvals are finalized.

What tax rate is applied to Telefônica Brasil (VIV)’s Interest on Capital distribution?

The IoC calculation uses a 17.5% withholding income tax rate as a standard reference. The company notes this rate can vary depending on international treaties, tax immunities, exemptions, and favorable or privileged tax regimes.

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

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

Available on EDGAR 08/17/2026 - 06:03 AM Accepted by SEC EDGAR 08/14/2026 - 05:45 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 August, 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

CNPJ No. 02.558.157/0001-62

NIRE 35.3.0015881-4

MINUTES OF THE 266th FISCAL COUNCIL'S MEETING

OF TELEFÔNICA BRASIL S.A., HELD ON AUGUST 12, 2026

1. DATE, TIME AND VENUE: On August 12, 2026, at 11:30 a.m. (São Paulo local time), held remotely, as provided for in Article 16, paragraph 1, of the Internal Rules of the Fiscal Council ("Rules") of Telefônica Brasil S.A. ("Company").

2. CALL NOTICE AND ATTENDANCE: The call notice was waived, given the presence of all members of the Company's Fiscal Council, who subscribe to these minutes, establishing quorum for the installation of the meeting, pursuant to Article 12, paragraph 2, of the Company's Rules. The Director of Corporate and Business Affairs, Ms. Nathalia Pereira Leite, was also present as Secretary of the Meeting.

3. AGENDA AND RESOLUTION: After reviewing and discussing the matter on the Agenda, the Fiscal Council members present at the meeting unanimously decided the following:

3.1. Proposal for the Declaration of Interest on Capital: The proposal for the declaration of Interest on Capital ("IoC") to be submitted to the Company's Board of Directors, was reviewed in the following terms:

"Proposal to declare IoC based on the balance sheet of July 31, 2026, in the gross amount of R$350,000,000.00, corresponding to R$288,750,000.00¹ net of withholding income tax. The gross amount of IoC per share is equivalent to R$0.10952537999², of which R$0.09035843849^{1, 2} net of income tax.

The IoC credit will be carried out individually to the shareholders, based on the shareholding position in the Company's records at the end of August 26, 2026. After this date, the shares will be considered "ex-IoC".

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 Value per share calculated based on the shareholding position of July 31, 2026. Given the Company's Share Buyback Program in effect, the value per share may be subject to change, considering the Company's shareholding position to be verified on August 26, 2026.

 

TELEFÔNICA BRASIL S.A.

Publicly Held Company

CNPJ No. 02.558.157/0001-62

NIRE 35.3.0015881-4

MINUTES OF THE 266th FISCAL COUNCIL'S MEETING

OF TELEFÔNICA BRASIL S.A., HELD ON AUGUST 12, 2026

The net amount of the IoC will be allocated to the mandatory minimum dividend for fiscal year ending December 31, 2026, ad referendum to the Ordinary General Meeting to be held in 2027, and the payment of these proceeds will be made by April 30, 2027, with the Company's Management being responsible for setting the exact date."

Unanimously, the members of the Fiscal Council presented a favorable opinion to the proposal, given that they consider it to be in accordance with the applicable legislation.

4. CLOSING: There being no further matter to discuss, the meeting was adjourned, and these minutes were drawn up. São Paulo, August 12, 2026.

Gabriela Soares Pedercini		Sergio Barcelos Dutra de Almeida
Luciana Doria Wilson		Nathalia Pereira Leite
		Meeting Secretary

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:	August 14, 2026		By:	/s/ João Pedro Carneiro
				Name:	João Pedro Carneiro
				Title:	Investor Relations Director