Income Tax 2023: Federal Revenue anticipates program – 03/08/2023 – Market

The Federal Revenue will anticipate the release of the 2023 Income Tax program for this Thursday (9), from 9 am. Initially, the tax authorities expected to release the PGD (Declaration Generator Program) on Wednesday (15), when the accountability period begins.

The delivery of declarations this year runs from March 15th to May 31st and refunds will be paid in five batches, starting on May 31st. Between 38.5 and 39.5 million declarations are expected. In 2022, the tax authorities received more than 36 million declarations, above the initial forecast of 34.4 million.

According to the Revenue, the anticipation of the PGD helps the taxpayer to become familiar with the program — this year with news — and to organize the necessary documentation to render accounts to the tax authorities in advance. In addition, it should avoid possible congestion, says the organ.

The release of the pre-filled statement, however, is scheduled for March 15, the beginning of the IR deadline. Anyone who opts for this model will enter the priority queue to receive the refund, as well as taxpayers who use Pix to receive the amounts.

NEWS IN THE 2023 IR PRE-COMPLIED DECLARATION:

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

The intention of the Federal Revenue Service is to increase the number of taxpayers who opt for the pre-filled model to 25% of those who are required to declare. In 2022, 7.6% declared for this model. This year, the tax authorities expect to receive between 38.5 million and 39.5 million declarations.

Taxpayers with a silver or gold account on Gov.br have access to this modality.

WHO IS REQUIRED TO DECLARE THE 2023 INCOME TAX

The main rules that require the submission of the declaration are the same as last year.

The IR table has not been updated since 2016 —the last correction was in 2015— and, therefore, the same amounts of taxable income as last year are in force. The taxpayer who received taxable income above R$ 28,559.70 in 2022, such as salary and retirement, is obliged to declare the Income Tax.

The rule that obliges to declare the Income Tax for having carried out operations on the Stock Exchange has changed. Before, any taxpayer who had bought or sold shares in the previous year was obliged to declare, regardless of the amount.

Now, sending is only mandatory if the investor sold shares whose sum exceeded, in total, BRL 40,000 or if he made a profit from the sale of shares in 2022, subject to the collection of the IR.

Taxpayers 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

• Sales on the Stock Exchange totaled more than R$40,000, including tax exemptions. And who made a profit from the sale of shares, subject to the incidence of tax. Values ​​up to BRL 20,000 are exempt

• 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

Revenue changes IR program to guarantee child support exemption

The Federal Revenue amended the 2023 Income Tax program to comply with the decision of the STF (Federal Supreme Court) taken on trial last year, which defined that amounts received from child support are exempt income. For the court, a pension is not an increase in equity, so the amounts should not be taxed.

With the change, the amounts previously declared on the “Taxable Income Received from PF/Abroad” form must be informed on the “Exempt and Non-Taxable Income” form. There will be specific line.

SEE THE 2023 TAX REFUND CALENDAR

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

WHAT VALUE TO DECLARE 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.

You need to be aware because not every taxpayer who paid income tax in 2022 is obliged to declare. However, if you send the IR, you get back everything that was deducted.

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

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