How to declare Income Tax 2023; see rules – 02/27/2023 – Market

The Federal Revenue released the rules for the 2023 Income Tax declaration, with improvements in the pre-filled declaration, which will be offered from the beginning of the period, and changes for those who carry out operations on the Stock Exchange. The delivery of the IR runs from March 15th to May 31st.

Among the main novelties of 2023 is the obligation to declare the IR in the case of those who carried out operations on stock and commodity exchanges. Previously, any taxpayer who had carried out operations on the Exchange was obliged to declare. Now, the requirement is only for those who carried out operations with a sum greater than R$ 40,000 or who have obtained gains with the incidence of the IR.

In addition, the pre-completed statement will bring data on properties purchased and registered with a notary, donations made declared by institutions, cryptoassets declared by exchanges, update of bank account balances and investments and refund income.

See the dates of the Income Tax refund batches

1st: may 31st
2nd: June 30
3rd: July 31st
4th: August, 31
5th: September 29th

Priority taxpayers who deliver the declaration by May 10 can enter the first batch, the Federal Revenue said on Monday.

Those who are required to declare and fail to send the document within the specified period pay a minimum fine of R$ 165.74, which can reach 20% of the tax due for the year.

This year, between 38.5 and 39.5 million declarations of income tax are expected. In 2022, at the end of the term, the tax authorities received more than 36 million declarations, above the initial forecast of 34.4 million documents.

The IR program will be released on the 15th to be downloaded on computers, cell phones and tablets. Also at the beginning of the term, the completion and online delivery of the tax in the e-CAC (Virtual Service Center) will be released.

The IR can be delivered at any time of the day, except between 1:00 am and 5:00 am, when the Revenue’s computers are on a maintenance break.

See the value to declare the Income Tax

The taxpayer who received taxable income above R$ 28,559.70 in 2022, which includes salary, retirement and pension, for example, is obliged to declare the Income Tax this year.

The IR table has not been updated since 2016 —the last correction was in 2015— and, therefore, the same income values ​​as last year are in effect for filing the declaration.

It is necessary to pay attention because not every taxpayer who paid income tax last year is obliged to declare. However, if you send the IR, you get back everything that was deducted.

There are also other rules for sending the statement.

Check the MONTHLY INCOME TAX TABLE

Calculation basis (in BRL)	Rate (in %)	Installment to be deducted (in BRL)
Up to 1,903.98	–	–
From 1,903.99 to 2,826.65	7.5	142.80
From 2,826.66 to 3,751.05	15	354.80
From 3,751.06 to 4,664.68	22.5	636.13
Above 4,664.68	27.5	869.36

Check the annual income tax table

Calculation basis (in BRL)	Rate (in %)	Installment to be deducted (in BRL)
Up to 22,847.76	–	–
From 22,847.77 to 33,919.80	7.5	1,713.58
From 33,919.81 to 45,012.6 0	15	4,257.57
From 45,012.61 to 55,976.16	22.5	7,633.51
Above 55,976.16	27.5	10,432.32

Know who should declare the Income Tax 2023

The rules for declaring the Income Tax in 2023 concern the financial movement of the worker in the year 2022, which is the base year of the declaration.

The taxpayer must declare the IR this year if, 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 operations on the stock, commodity, futures and similar exchanges, the sum of which was greater than R$40,000 or with net gains subject to the levy of tax;

• Had, on December 31, possession or ownership of assets or rights, including bare land, in excess of BRL 300,000

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

• 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

Learn how to declare income tax

To start making the declaration, you must first download the IR program from the Revenue website or the mobile or tablet application. There are three types of filling: pre-filled statement, importing 2022 or new income tax data.

The first step is to inform the type of declaration, whether it is an annual adjustment, end of estate or permanent departure from the country. The pre-populated option is on the right. Those who are going to import data from the 2022 IR will also find this option on the right side. The same rule applies to who will start a blank statement.

For those who exported the data or are going to use the pre-filled form, the taxpayer identification form will come with all the information. Just check name, number of documents, date of birth, address, telephone, email and main occupation. When the document is new, you need to fill in all this information.

Afterwards, the taxpayer must inform the income received, whether it was from an individual or legal entity. For retirees, there is also the option of declaring any arrears received from the paying agency.

Taxpayers with dependents must list them in the “Dependants” form. Assets and rights go on the “Assets and Rights” sheet, which includes amounts in a checking account and/or savings account. Investments are declared in a specific form, according to the type and according to the money administrator’s income report.

Expenses with doctors and schools, among others, are shown in the “Payments made” form. Some of them guarantee a higher refund or a lower tax payable.

Before sending, it is necessary to check the data, choose the form of taxation and correct pending issues, if any. Pending issues in red prevent sending, in yellow, no.

Check the documents to declare the Income Tax

CPF

• To declare the IR, it is necessary to inform the CPF of the taxpayer and his dependents
• Since 2020, the Federal Revenue requires that the CPF of all dependents, of any age
• For those who still do not have a CPF, it is necessary to request the document through the Federal Revenue website or at Caixa, Banco do Brasil or Correios branches.

income reports

Reports from financial institutions

• Banks and financial institutions also have to provide income information with a current account balance, savings account and investments in 2022
• Anyone who has an account or investment in more than one bank needs to get the report from all institutions

Medical expense receipts

• Expenses with doctors of any specialty, including telemedicine, medical exams, radiological services, orthopedic devices and orthopedic and dental prostheses, and hospitalization of the taxpayer and his dependents may be deducted to reduce the tax paid or increase the refund
• To guarantee the benefit, it is necessary to correctly inform the data of the service invoices, which must contain the CNPJ or CPF of the provider

education receipts

• For education expenses, it is only possible to deduct expenses with elementary, secondary, higher, postgraduate or technical schools
• Extracurricular or free courses and private lessons cannot be deducted on the IR
• Just like medical receipts, student receipts must contain the institution’s CNPJ, in addition to the student’s name

goods and real estate

• Anyone who sold a car, property or other valuables last year should look for contracts, deeds, invoices and other receipts that correspond to the transaction.
• The documents must inform the name, CPF or CNPJ of the buyer and seller, negotiation amounts and payment method
• If there was profit from the sale of the good, filling out the 2022 Capital Gains program is mandatory.
• For financing, it is necessary to inform the bank, the financed amount, the down payment and installments
• Anyone who paid alimony, consortium of assets, made financial donations or received an inheritance must have all transaction documents in hand when filling out the IR statement