With the publication of Cotepe Act no. 46/2020, in August this year, the 4th version of the Payment Media Information Statement ("DIMP V4"), created by CONFAZ Agreement no. 134/2016, became effective. The DIMP V4 Manual is already available on the CONFAZ website.
The DIMP V4 corresponds to the set of information provided to the States by Financial and Payment Institutions and Intermediaries, members or not of the Brazilian Payment System, regarding transactions with debit, credit, store(private label) cards, transfer of funds, electronic transactions of the Instant Payment System and other electronic payment instruments, as well as on the supply of information provided by Service and Business Intermediaries regarding commercial transactions or intermediated services rendered, carried out by legal entities or individuals, even if not enrolled in the ICMS taxpayers' roll.
In spite of the criticism on the DIMP and the need of its submission to the States by service providers that are not ICMS taxpayers, the Cotepe Act no. 46/2020 brought more clarity as to the need of Financial Institution Intermediaries and Payment Institution Intermediaries to also submit the statement, as, for instance, is the case of the Subcredentiaries / Sub-acquirers.
DIMP V4 became effective as of August 1, 2020, therefore, the transactions carried out in August of this year will be informed to the States now in the month of September in the new DIMP V4 format.
BTLAW's Tax Planning and Consulting team is available to assist you with more information about DIMP V4, please contact us by e-mail: [email protected].
