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Project Tags:

Completed

Equities

OTC

Listed

Product benefits

Further details about ReVar

The ReVar calculation tool gives investors the confidence that tax calculations will be carried out by the Brazilian Internal Revenue Service, thus simplifying the process and providing peace of mind and reliability to individual investors.

 

 

ReVar is a calculation tool that runs within the RFB - Brazilian Internal Revenue Service system (e-CAC Portal) for access by Individual Investors where they can manage data on their Equities transactions. 

 

Among other features, the tool will allow the validation of the information captured by APIs, insertion of the assets’ initial average price, monthly control of the calculations, issuance and payment of DARF (Tax Collection Document), when there is tax to pay.  

 

 

 

 

The exchange of information will be done in a secure manner between B3, the Brazilian IRS, Brokerage Houses and Financial Institutions via the API communication structure. 

 

For this exchange of information to occur, B3 built a set of APIs that will communicate directly with the Brazilian Internal Revenue Service and also a specific set to capture brokerage fee data with Financial Institutions, Participants and Brokerage Houses. 

 

Based on the information sent to the Internal Revenue Service, investors can calculate the result of their Equities transactions on ReVar (available on the e-CAC Portal), allowing them to issue a DARF (Tax Collection Document) when a tax payment is due. 

 

 

 

 

The ReVar project is carried out within the context of Normative Instruction RFB No. 2033, date June 24, 2021, and is structured into the following phases: 

 

 

1 - B3, Brazilian Internal Revenue Service and SINACOR validate the API structure and development; 

 

 

 
2 - B3, Brazilian Internal Revenue Service and SINACOR perform tests for consumption, integrity and performance of the APIs; 

 

 

3 – B3 talks with market participants and financial institutions to explain the structure and consumption of APIs and how brokerage fee data will be captured for users who use SINACOR and those who don´t;  

 

 

 
4.1 - Participants and Financial Institutions using SINACOR perform validation tests; 

 

 

4.2 - Participants and Financial Institutions not using SINACOR create their connections with B3's API structure to carry out validation tests; 

 

 

5 - Internal Revenue Service tests with the creation of specific scenarios;  

 

 

6 - Webinar with the Market; 

 

 

7 - Publication of a new Normative Instruction by the Brazilian IRS; 

 

 

8 – Communications via the B3 and Internal Revenue Service channels; and 

 

 

 

9 - Entry into production.  

 

 

 

 

 

Note: The ReVar tool will be implemented in two phases  

 

 

  1. The first phase or version of the ReVar calculation tool – covering only Spot Market transactions, including Rights and Receipts – is scheduled to go live in 4Q23. 

 

 

  1. The second phase includes the treatment of Derivatives and Loans.  

 

 

 

Timeline

  • Start of Certification

    null

  • End of Certification

    End of Certification

  • Other

    Alfa Testes - Availability for the market, but visibility for a small group of individual investors delimited by the RFB.

  • Other

    Official launch - Beta phase - Mandatory for the market, but controlled visibility for a larger-scale group of individual investors delimited by the RFB.

  • Go-live

    Mandatory for the market, end of the Beta testing period and general opening for all private investors

Technical details

  • Catalog changes

    No catalog changes

  • Main systems

    Investor area and SINACOR.

  • Main related functions

    No related functions.

  • Certification roadmap

    No impact

  • What is the Sinacor version?

    v22.2

Material name

Date

Material Type

Language

Format

Size

ReVar – Configurar Pacote de Acesso no Sinacor (2º passo certificação) v1 2023.03.06

07/26/2023

-

-

pdf

178KB

ReVar - PRODUÇÃO INTERNET Configuração de Pacote participante NÃO SINACOR

11/10/2023

-

-

pdf

146KB

ReVar - PRODUÇÃO INTERNET Configuração de Pacote dentro do Módulo SINACOR

11/10/2023

-

-

pdf

354KB

ReVar – Configurar Pacote de Acesso no Sinacor (2º passo certificação) v3

08/07/2023

-

-

pdf

181KB

ReVar – Documentação API v1 2023.03.23

03/23/2023

-

-

pdf

30KB

ReVar - Webinar e Apresentação do Projeto v.1

11/06/2023

-

-

pdf

62MB

ReVar – Geração do Pacote de Acesso (1º passo certificação) v3

08/07/2023

-

-

pdf

120KB

ReVar – Executar Roteiro (3º passo certificação) v3

03/29/2023

-

-

sheet

42KB