Income Tax 2023: deadline ends this Wednesday; submission of incomplete declaration avoids fine

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Those who do not deliver the declaration on time are subject to the payment of a minimum penalty of R$ 165.74, which may reach 20% of the tax due. 2023 Income Tax Arte / g1 The deadline for submitting the 2023 Income Tax declaration ends this Wednesday (31). If you still have doubts whether the data is correct or even if you don’t have all the documents, the experts’ recommendation is to meet the deadline stipulated by the Federal Revenue. That is, it is better to deliver incomplete and make the necessary corrections later. This is because anyone who does not deliver the statement within the deadline is subject to the payment of a fine – and, depending on the case, may even have a dirty name and have the CPF identified as irregular by the Tax Authorities (learn more below). Those who submit the incomplete declaration can then make the necessary changes without being penalized. Just resubmit with the correct data through the so-called rectifying statement. In this case, the taxpayer only needs to select this option on the Taxpayer Identification form, informing the receipt number found on the declaration initially sent. Model cannot be changed But care is needed for one detail: after the end of the delivery period, the taxpayer can no longer change the declaration model – simple or complete. The declaration in the complete model is more suitable for those who have many deductions to include, such as dependents and health expenses. The simple one is more advantageous for taxpayers who do not have these deductions. It is worth remembering that the taxpayer can correct the statement sent as many times as he deems necessary without having to pay a fine. What happens if I don’t declare? According to information from the Tax Authorities, in the case of sending the declaration after the established deadline or the non-presentation of the document, the taxpayer who is obliged to declare is subject to the payment of a fine for delay, calculated as follows: Fine of 1% per month or fraction of delay, calculated on the amount of tax due on the declaration, even if fully paid, up to a ceiling of 20%; Minimum fine of R$ 165.74 (only for those who were “obliged to declare”, even without paying tax) In addition, the CPF can be irregular, which can prevent the release of loans, get passports, obtain a negative certificate for sale or rent of property and even a public tender until the situation is regularized. Find out what else can happen by clicking here. Who is required to declare? who received taxable income above R$ 28,559.70 in 2022. The amount is the same as last year’s IR declaration; taxpayers who received exempt income, non-taxable or taxed exclusively at source, whose sum was greater than R$ 40 thousand last year; who obtained, in any month of 2022, a capital gain on the sale of assets or rights, subject to the levy of tax, or carried out operations on stock, commodity, futures and similar exchanges whose sum was greater than BRL 40,000.00 (forty thousand reais), or with calculation of net gains subject to the incidence of tax; those who were exempt from tax on capital gains on the sale of residential property, followed by the acquisition of another residential property within 180 days; who had, in 2022, gross revenue in excess of R$ 142,798.50 in rural activity; who had, until December 31, 2022, possession or ownership of assets or rights, including bare land, with a total value greater than R$ 300,000; who became a resident in Brazil in any month and was in this condition until December 31, 2022.

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