Equally explosive is the allegation that Temer approved of a plan with Joesley Batista, owner of JBS parent company J&F, to pay hush money to a politician jailed for corruption.
Prosecutor Rodrigo Janot delivered the charge to the Supreme Court and, under Brazilian law, the lower house of Congress must now vote on whether to allow the tribunal to try a sitting president.
Temer, has however vowed to stay in office and the decision of his main political ally, the PSDB, to continue to back his government has strengthened his chances of finishing his mandate.
His trip last week to Russian Federation and Norway ended up underscoring the president's problems and Brazil's diminished stature overseas.
Brazilian president Michel Temer has been charged by the country's chief prosecutor with accepting multi-million bribes.
Still, this doesn't spell an end for Temer, who has endured a raft of scandals emerging from a massive anti-corruption probe since he replaced Dilma Rousseff after her impeachment previous year.
Rousseff accused Temer of taking a bribe of nearly $300,000 shortly after she was impeached.
Temer's parliamentary supporters now face a new challenge averting threats of impeachment, while unions opposing the president's reforms have called for a nationwide general strike this coming Friday.
On the tape, Temer appears to approve illegal payments to the former speaker of the lower house of the Brazilian Congress, Eduardo Cunha, who was jailed for corruption previous year.
Donovan Mitchell drafted 13th in the 2017 NBA Draft
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Janot said Temer may have received as much as $12 million in bribes over the past nine months.
Launched in March 2014, the investigation into billions of dollars in inflated construction contracts and kickbacks to politicians has landed dozens of the country's elite in jail and threatens many more. If Mr Temer is convicted the congress will elect a new president to finish his term which runs until the end of next year. Temer's supporters say they have between 250 and 300 votes in the 513-seat lower house to block a trial.
Meanwhile, Temer's public support is very low, with violent demonstrations attended by thousands of protesters taking place all across Brazil.
"It's too soon to foresee if President Temer can survive the corruption charges against him".
Brazil's Attorney General Rodrigo Janot filed the charges accusing Temer of accepting bribes, including a $150,00 payoff from the former chairman of JBS, a Brazilian meatpacking company.
RIO DE JANEIRO (AP) In a scathing 64-page indictment, Brazil's top prosecutor described a scheming, arrogant and corrupt President Michel Temer who lined his pockets with illegal money while showing little regard for the office he represented. "In that case, there will be defections and colleagues may start to move against Temer." - a senior lawmaker in Temer's coalition.
He is also under investigation for obstruction of justice and belonging to a criminal organization.
The bribery charge is linked to the arrest of a close former presidential aide with a suitcase stuffed with cash that prosecutors say was part of payments from JBS meatpacking executives to Temer.
On Monday, Temer released his latest statement on the on-going investigation during his first address after his return from Norway and Russian Federation.
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