2023 Income Tax: Precautions to avoid fine mesh – 03/15/2023 – Market

The pre-filled income tax return 2023 will be released this Wednesday (15) by the Federal Revenue, but its use will not prevent the taxpayer from falling into the fine mesh.

The model was expanded this year and will bring part of the data filled in by crossing information that reaches the Revenue. The intention is to increase the number of taxpayers who opt for the resource to 25%. Last year, 7.6% chose this alternative.

Despite having part of the data pre-filled, the Revenue warns that it will be up to the person who declares the obligation to verify, correct and complement the data. Therefore, if the taxpayer finds discrepancies in the information, he has to change the declaration and, if possible, inform the original source about the difference.

“The taxpayer needs to change the data in the declaration, notify the other side and keep the proof, in case the alteration does not occur. If the source (originating the information) does not correct, the declaration will fall into the fine mesh and will be retained”, says Richard Domingos , executive director of Confirp Contabilidade.

The Revenue also informs that the citizen “should not rely only on the pre-completed information” and must complement what is not in the information, as the crossing of data will continue with the correct provision of income, payments, goods and other requested data.

According to the tax authorities, the most common errors in recent years that led to the fine mesh were:

1. Omission of the holder’s income, especially from a second source of income, such as rents and jobs without CLT registration (Consolidation of Labor Laws)

2. Omission of income from dependents

3. Medical expenses: amounts that are not declared by one of the parties, expenses included by people who are not the holder or dependents and inclusion of expenses that are not deductible, such as reimbursement and Covid-19 tests

4. Difference in the amount of withholding tax reported by the taxpayer and the employer

For financial educator Cíntia Senna, the trend is that there will be a drop in the percentage of declarations in the fine mesh. “It tends to reduce the fine mesh. You can use the data that the Revenue presents, but the taxpayer also needs to be attentive to the information and check everything”, she says.

The educator points out that the Revenue will gain in agility and increase its supervision.

In Domingos’ opinion, one of those items that may have the Lion’s attention in the future are bank balances. “Currently, the Revenue is not concerned with this. It seeks data that can change the amount to be paid or refunded. Now, it sends a message and shows that it has these bank details and can start to cross with equity data”, he explains .

To encourage the use of the pre-filled declaration, the Revenue will give priority to receiving any refunds for those who choose the model. Taxpayers with a silver or gold account on Gov.br have access to this modality.

NEWS IN THE PRE-COMPLIED INCOME TAX DECLARATION 2023:

1. Access authorization for third parties to complete the declaration

2. Information on real estate acquired and registered with a notary, declared in the DOI (Declaration of Real Estate Operations)

3. Donations made in the calendar year declared by institutions in DBF (Declaration of Tax Benefits)

4. Inclusion of crypto assets declared by exchanges, in compliance with normative instruction 1,888, of 2019

5. Update of balance on 12/31/2022 of bank and investment accounts, provided that CNPJ, bank, account, branch and balance on 12/31/2021 are correctly informed

6. Inclusion of new bank account or investment fund, or not reported in the 2022 statement

7. Refund earnings received in the calendar year

WHO NEEDS TO DECLARE INCOME TAX 2023?

Taxpayers who received taxable income from BRL 28,559.70 in 2022 from salary, retirement, rent or self-employment must submit the 2023 Income Tax return.

However, having taxable income above the limit value is not the only rule. Check below what they are.

YOU MUST DECLARE WHO, IN 2022:

• Received taxable income above BRL 28,559.70, which includes salary, retirement and pension from the INSS or public bodies

• Received exempt income, non-taxable or taxed exclusively at source (such as savings income or FGTS) above BRL 40,000

• Had a capital gain (ie, profit) on the sale (transfer of ownership) of goods or rights subject to the levy of tax; This is the case, for example, of the sale of a car with a value greater than the amount paid for the purchase.

• Was exempt from IR on capital gain on the sale of residential properties, followed by the acquisition of another residential property within 180 days

• Carried out transactions on the Stock Exchange that, in total, exceed R$ 40,000 or obtained profit from the sale of shares, which are subject to the levy of tax

• Had, on December 31, possession or ownership of goods and rights, including bare land, in excess of R$ 300,000

• Obtained gross revenue in rural activity in an amount greater than R$ 142,798.50

• Do you want to offset losses from rural activity in 2022 or previous years

• He moved to Brazil in 2022 and was in that condition on December 31, 2022

WHAT IS THE DEADLINE TO DELIVER THE IR DECLARATION?

The deadline to declare the IR runs from March 15 to May 31. Completion and delivery of the declaration are done in the same program. The Federal Revenue’s computers receive the declarations almost 24 hours a day, with a break between 1h and 5h for system maintenance.

Delivery starts at 8 am on the first day of the deadline and runs until 23:59 on the last day. It is important to respect this final limit of accountability, because those who delay and were obliged to declare pay a fine. The minimum amount is BRL 165.74, but it can reach 20% of the tax due in the year

HOW DO I DECLARE INCOME TAX?

The first step is to download the 2023 Income Tax program on your computer. On the 15th, it will be possible to complete and deliver on other platforms as well. The second step is to fill in all the necessary forms, such as taxpayer identification, income, assets and rights, in addition to payments made and debts, if any.

Afterwards, the taxpayer needs to check the data and make sure of the best type of declaration, whether it is for legal deductions or simplified discount. Filling errors lead to fine mesh.

Before starting, have all the necessary documentation in hand regarding income from wages, rents, financial investments, Stock Exchange, credit card, among others, as well as proof of deductions allowed in the statement, such as expenses with medical and education, for example, advises Valdir Amorim, legal and tax technical coordinator at IOB.