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 December, 2023

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 its Shareholders that its Board of Directors, at a meeting held on December 14th, 2023, 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$850,000,000.00 (eight hundred and fifty million reais), withholding income tax at the rate of 15%, resulting in the net amount of R$722,500,000.00 (seven hundred and twenty-two million and five hundred thousand reais), based on the balance sheet of November 30th, 2023. The amount per share is described in the table below:

Type of Payment Declaration Date Shareholding Position Gross Amount per Share (R$)

Withholding Income Tax

(15%)

Net Amount per Share (R$)

Interest on Capital

12/14/2023 12/26/2023 0.51412208570 0.07711831285 0.43700377284

As established in the 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 31st, 2023, ad referendum of the Ordinary General Shareholders' Meeting to be held in 2024.

The IoC will be paid individually to each shareholder, based on the shareholding position in the Company's records at the end of December 26th, 2023. After this date, the shares will trade as "ex-IoC". The payment of these proceeds will be made by April 30th, 2024, with the Company's Executive Board being responsible for setting the exact date.

The amount per share of Interest on Capital may be adjusted according to the Company's shareholding base on December 26th, 2023, due to possible acquisitions of shares under the current Company's Share Buyback Program.

Shareholders who are immune to or exempt from income tax, in accordance with the current legislation, must prove such conditions by January 4th, 2024, 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.

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

São Paulo, December 14th, 2023.

David Melcon Sanchez-Friera

CFO and Investor Relations Officer

Telefônica Brasil - Investor Relations

Tel: +55 11 3430 3687

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:

December 14, 2023

By:

/s/ João Pedro Carneiro

Name:

João Pedro Carneiro

Title:

Investor Relations Director

Attachments

Disclaimer

Telefônica Brasil SA published this content on 14 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 December 2023 21:51:13 UTC.