Income Tax 2024: declaration begins on March 15th and extends until May 31st

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The official rules for IR 2024 have not yet been published by the Federal Revenue Service, but the main change, for the purposes of this year’s declaration, was the expansion of the exemption range from May 2023 onwards. Income tax Marcos Serra/g1 The Federal Revenue Secretariat informed that the deadline for sending the 2024 Income Tax declaration, base year 2023, will be from March 15th to May 31st this year. Until 2022, the delivery period used to open at the beginning of March and extend until the end of April; In 2023, the start was a little later (March 15) and the end only at the end of May; According to the Tax Authorities, this will be the deadline to be followed every year from now on. According to the executive director of Confirp Consultoria Contábil, Richard Domingos, it is interesting for taxpayers to mobilize in search of documents in the days before the opening of the Income Tax period, and those who cannot find them go looking for a new copy. “We always recommend that people anticipate (…) The first step in this work begins with the taxpayer himself, who has to separate as soon as possible the documents and information that will serve as a basis for filling out this document”, stated Richard Domingos, from Confirp Consultoria Contábil. Provisional measure exempts those earning up to 2 minimum wages from paying Income Tax Correction of the IR table The official rules of IR 2024 have not yet been published by the Tax Authorities, but the main change, for the purpose of this year’s declaration, was the expansion of the range exemption from May 2023 onwards. At the time, the Federal Revenue Secretary, Robinson Barreirinhas, informed that the measure exempted those earning up to two minimum wages (R$2,640 in 2023) from Income Tax. As a result, 13.7 million people have been exempt from the tax since May last year. The number represents around 33% of the total number of Income Tax declarants, which totaled 41.1 million in 2022. “They [quem ganha até dois salários mínimos] there will be no deduction, no deduction at source for Income Tax, that discount that comes with your salary check. There will be no deduction and they will also not need to pay anything in the annual adjustment declaration for the following year”, said the Secretary of Revenue, last year. ➡️ UNDERSTAND The exemption range was increased from R$1,903.98 – which had been in force since 2015 – to R$2,112 in May last year. In addition, a monthly discount of R$528 was established directly at the source. In other words, on the tax that would be owed by the employee. With the measures, the government exempted those earning up to two minimum wages, the equivalent of R$2,640, from income tax collection. According to the Federal Revenue, for those who earn more than two minimum wages, the simplified discount of R$528 may not be worth it. This is because many taxpayers are entitled to greater discounts under current legislation (due to social security contributions or deductions for the number of dependents, for example). In this scenario, the total discount to which the taxpayer is entitled will be deducted, not just the R$528. This detail of what will be deducted will be done precisely in the Income Tax declaration. This year, a correction to the minimum wage and a further expansion of the exemption range were announced, but these amounts are only valid for the Income Tax declaration in 2025 (base year 2024). Pre-filled declaration Another novelty of Income Tax in 2023, which tends to be maintained this year, is the priority of refund also for taxpayers who present IR through the pre-filled declaration and the use of PIX in refunds. However, in order to indicate the PIX, the taxpayer’s key must necessarily be their CPF (it cannot be email or telephone number). The pre-filled declaration has information relating to income, deductions, assets and rights and debts and real liens and is loaded automatically, without the need for typing. The IRS assesses that this type of declaration reduces errors and provides greater convenience to the taxpayer. This type of declaration has existed since 2014, but it was necessary to have a digital certificate to use it, which restricted the number of users. In 2022, the pre-filled declaration could be used by all taxpayers with a gov.br account at the gold or silver levels. To offer the pre-filled declaration to the taxpayer, the following are used: 🏢 Declaration of Income Tax Withheld at Source (Dirf) of paying legal entities; 🏠 Declaration of Income Tax Withheld at Source (Dirf) of companies in the real estate sector; 🏥 Declaration of Income Tax Withheld at Source (Dirf) from healthcare service providers; 🧾 Taxpayer information provided in the previous year.

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