Income Tax 2023: refund must be declared – 05/05/2023 – Market

Taxpayers who received income tax refunds in 2022 must declare the amount, if required to send their information to the Federal Revenue Service.

However, the amount will not make any difference in calculating this year’s IR, as it is not taxable. The value also does not enter the list of items that allow deduction.

“Despite this, it is important to declare to the Revenue Service to know the origin of your income, even because the Revenue knows that you received this amount, as it was the origin”, explains accountant Edilson Conrado Ferreira Junior, vice president of CRC-RJ (Regional Accounting Council of Rio de Janeiro).

See how to declare the refund

• Go to “Declaration Sheets”, select “Exempt and Non-Taxable Income” and click “New”

• Select line 25 (Income tax refund for previous calendar years) and enter the amount that was refunded in 2022

• If you fell into the fine mesh in previous years and received the refund in 2022, add the amounts and put it in “Amount”

The taxpayer must declare what he actually received as a refund, since the amount is greater than that generated in the declaration program, as the amount is corrected with interest at the Selic rate. If the taxpayer paid tax last year, he does not need to declare it to the Revenue.

For those who opt for the pre-filled statement, information on the refund paid will already be included in the statement.

Last year, around 20.7 million declarations (56.96% of the total) received a refund, while more than 7.3 million (20.18% of the total) paid tax to the Revenue.

The refund is the refund of the amount of tax overpaid by the taxpayer during the calendar year, which is the year prior to the delivery of the declaration. The calculations to find out if there is tax to be refunded, if the balance is zeroed or if it is necessary to pay IR are done by the program for filling in and sending the declaration.

First batch of refunds for this year comes out on the 31st

In 2023, there will be five restitution batches. The first will be paid on May 31, the last day to send the statement. According to the Revenue, priority taxpayers who submitted their information by May 10 must compose the list, which will obey the order below, followed by the date of submission.

1. Seniors aged 80 and over
2. Seniors aged 60 and over; people with disabilities and people with serious illness
3. Taxpayers whose main source of income is teaching
4. Taxpayers who opted to make the pre-filled statement and also those who choose the Pix refund
5. Other taxpayers

There will be four more payment batches between June and September, with deposits on the last business day of each month. The order will follow the list of priority contributors and the delivery date. About a week before the Revenue releases the consultation with those contemplated in each batch.

The refund is corrected by the basic interest rate of the economy, the Selic. The correction index is defined in the month and is usually released a little before the payment date.

See the 2023 IR REFUND PAYMENT CALENDAR

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

Who needs to declare income tax in 2023?

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