Income Tax: company must release report by the 28th – 02/28/2023 – Market

Companies and public bodies across the country must deliver the income tax report to their employees and service providers by this Tuesday (28). Those who do not release the document or deliver missing data can be fined.

The IR statement must contain information referring to the year 2022, such as salary, 13th, vacation, premiums, PLR (Profit Sharing), health plan discounts and other benefits.

The value of the fine established by the Federal Revenue Service is R$ 41.43 per undelivered document.

The deadline for delivering the statement also applies to other sources, such as banks and stockbrokers, which must provide the document referring to the income from financial investments of their customers.

The INSS has already released the income report for retirees, pensioners and other beneficiaries. By correctly informing the data, as the paying source sent it to the Revenue, the citizen finalizes his rendering of accounts for the year. If the information is divergent, the taxpayer will fall into the fine mesh.

How to access the IR income report

According to the Revenue, if the taxpayer does not have proof of his income, he must first make a formal request to the company. If the paying source refuses to provide the document, the fact must be communicated to a service unit of the Special Secretariat of Federal Revenue in your city.

There is, however, a way to get the document online, by consulting the e-CAC (Virtual Service Center of the Federal Revenue Service). To do this, you must have a Gov.br account with silver or gold level.

The system, however, will only present the income after the paying sources send the data to the tax authorities.

In the e-CAC, the information will be in “Declarations and Statements”, in “Consult Income Reported by Paying Sources”.

Deadline to declare the IR 2023 runs from March 15 to May 31

The delivery of declarations 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.

This year, among the news released by the Federal Revenue for the 2023 Income Tax rules are the priority for taxpayers who choose to receive refunds via Pix and for those who submit the pre-filled statement.

The pre-filled statement, which this year brings news, will be available from March 15th and will arrive with more complete information, such as the balances of all bank accounts on 12/31/2022. The mandatory requirements for those who bought or sold shares on the Stock Exchange last year also changed.

WHO IS REQUIRED TO DECLARE 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 effect. 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

DATES OF INCOME TAX REFUND BATCHES

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