Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 204

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 4
Chunk 204
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 the calculation by such entities of the PIS and Cofins (as is the case, for example, of the expenses incurred by the banks in financial mediation operations and expenditure on severance payments corresponding to accidents occurring in the case of private insurance companies). In such cases, the income received by the financial institutions is subject to PIS and Cofins contributions at the rates of 0.65% and 4.0%, respectively.
 In July 2010, the Brazilian tax authorities introduced digital tax records (Escrituração Fiscal Digital – EFD) for PIS and Cofins taxes, which must be adopted by financial institutions as well.
 In 2023, the National Congress approved PEC No. 45/19 responsible for the Tax Reform in Brazil, resulting in Constitutional Amendment No. 132/23. This Constitutional Amendment reorganizes the consumption taxes in Brazil, having as its main milestone the replacement of five current taxes (PIS, COFINS, ICMS, ISS and IPI) by a Value Added Tax (VAT) rate, divided into two: (i) The Contribution on Goods and Services (CBS), which will be directed to the Government, and the Tax on Goods and Services (IBS), which will go to states and municipalities. Recently, Complementary Law No. 214/25 was enacted, which instituted IBS and CBS.
 After the end of the transition period of the Tax Reform, starting in 2026, and scheduled to end in 2033, the social contributions PIS and COFINS will cease to exist, being replaced by the Contribution on Goods and Services (CBS).
 We cannot estimate the impacts that the implementation of the Tax Reform approved by PEC No. 45/19, regulated by the Complementary Law No. 214/25, will have on our operations. Although taxation on consumption has undergone significant changes, which may result in a possible increase in the tax burden, there is no way to predict the impacts on our gross margin.
 
4.B.80.04 Compliance with the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) (Tax Compliance Laws for Foreign Accounts)
 Based on the commitment to observe the laws and regulations applicable to our business, we comply with the criteria established by the international treaties FATCA and CRS, which aim to combat and curb tax evasion, money laundering and terrorist financing.
 Established by the United States government and with the aim of identifying the financial accounts of American taxpayers residing