Income Tax: deadline to declare ends on the 31st – 05/24/2023 – Market

Taxpayers obliged to declare the 2023 Income Tax have just one more week to send their data to the Federal Revenue Service. The deadline for submitting the IR ends on May 31, at 11:59 pm. Those who are obligated and delay delivery pay a fine. The minimum amount is R$ 165.74 and can reach 20% of the tax due in the year.

Revenue predicts that 38.5 to 39.5 million taxpayers will deliver their statements. Until 6 pm on Tuesday (23), 28.7 million declarations were sent to the tax authorities.

To declare, the person needs to know if he is among the taxpayers required to report his movements to the Revenue.

WHO IS OBLIGATED TO DECLARE THE IR IN 2023 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 exclusively taxed at source in excess of 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 operations on the Stock Exchange that, in total, exceeded 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 the rural activity in an amount greater than R$ 142,798.50 in the year

• 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

Those who need to declare must download the program to fill in the data and forward them to the Federal Revenue. It is possible to do it by computer (see the step-by-step here), by the Meu Imposto de Renda application, available for cell phone or tablet, or by e-CAC (Virtual Service Center) of the Federal Revenue Service. An option to not have to install the program is to use the pre-filled statement.

Step by step to declare INCOME TAX BY COMPUTER

• Open the IRPF 2023 program on the computer and click on “New”
• Inform the type, if it is an annual adjustment, end of estate or permanent departure from the country
• Next to it will appear the options to declare using the pre-populated form, copying data from the previous declaration or creating a blank document
• Enter CPF, name and click OK
• Fill out the taxpayer identification form and go to the other forms
• Inform if there is anyone with a serious illness or physical or mental disability
• Last year’s IR receipt number and voter registration are not required. When sending the IR, they will appear as a yellow pendency, which does not prevent the sending
• The dependents go in their own file; if they have income, they must be informed
• Income must be declared as received from a legal entity, if from a company, or PF, if paid by an individual. In this case, the statement must inform the values ​​month by month
• IR deductible expenses go to Payments Made
• Since 2022, the Assets and Rights sheet has the option of declaring assets by groups; house and apartment go in group 1, and cars in group 2
• Bank account with a balance above R$ 140 on 12/31/2022 goes to Goods and Rights
• Debts are declared in Debts and Encumbrances

Gather income information (sent by companies, financial institutions and the INSS, for example), invoices and receipts from doctors, dentists, school and other expenses that are deductible on the IR, in addition to personal data such as CPF, address, voter registration and others. The taxpayer needs to separate both his information and that of the dependents that are included in the declaration.

Then fill in the declaration. The Revenue and experts recommend choosing the pre-filled statement, which contains data sent by companies, financial institutions, service providers, real estate registries, entities that received donations and others.

However, it is important to check that the information is correct, as accountants have already identified errors in bank data, investments, property sales, retirement, duplicate information, among others. And the responsibility for the statement lies with the person who declares it, regardless of whether he used the resource provided by the Revenue.

Check all the information and choose the declaration model. Statutory deductions take into account expenses to reduce the tax payable or increase the refund. The simplified discount applies a single standard 20% discount on earnings. The system will automatically indicate which is the most advantageous, according to the information provided by the taxpayer.

Fix the issues and send

• To submit the statement, click Submit Statement
• At the time of submission, the system may indicate that there are pending issues; say Yes to the question Do you want to open the backlog for scanning?
• What is in red prevents sending and must be corrected
• Write the statement to send; the program will close the document and then click on your name to transmit, generate the receipt and save the copy of the declaration and the receipt; print if necessary
• Inform the details for payment of the refund before

Who is entitled to the refund?

The Income Tax refund is the return of the amount of tax paid in excess by the taxpayer during the calendar year, which in this case is the year 2022. The calculations to find out if there is a tax refund, if the balance is zeroed, or if it is necessary to pay IR, they are done by the program for completing and sending the declaration.

The amounts are paid in batches. The date of receipt of the refund will depend on whether the taxpayer is a priority or not and when the declaration was submitted. The correction of values ​​is based on the basic interest rate of the economy, the Selic.

When will the IR refund be paid?

Taxpayers with tax to be refunded who choose to receive the amounts per Pix when submitting the 2023 Income Tax return enter the Federal Revenue’s priority list and will have the money before. The same rule applies to those who, in 2023, opt for the pre-filled IR statement.

By Revenue rules, the first to receive will be the elderly. See what the payment order looks like:

1. Seniors aged 80 and over
2. Seniors aged 60 and over; disabled and seriously ill people
3. Taxpayers whose main source of income is teaching
4. Taxpayers who opted to make the pre-filled statement and or chose to receive the Pix refund
5. Other taxpayers

DATES OF BATCHES OF REFUND OF INCOME TAX 2023

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

Until when to pay the Income Tax quotas?

The taxpayer who is going to pay income tax can settle the amount in cash, in a single installment, which must be paid by May 31, or in up to eight installments. Payment in installments is made by printing the Darfs (Federal Revenue Collection Documents) month by month or by automatic debit, which can only be done now from the second installment onwards.

The payment in cash must be made with the issuance of the Darf, since the deadline for requesting the direct debit ended on May 10th.

DARFS PAYMENT SCHEDULE IN 2023

Portion	Due date
1st installment or single installment	expiry on may 31
2nd installment	June 30
3rd installment	July 31st
4th installment	August, 31
5th installment	September 29th
6th installment	October 31st
7th installment	30th of November
8th installment	December 28th

What is the minimum amount to declare the Income Tax?

The minimum amount of taxable income in the year that requires the submission of the declaration is R$ 28,559.70. This includes salary, retirement and other income. Exempt, non-taxable income or income taxed exclusively at source in excess of R$40,000 also require you to declare. Examples are FGTS (Self-Service Guarantee Fund), savings and alimony.

Those who have assets worth more than R$300,000, when adding all of them, also need to declare, as well as those who carried out operations on the Stock Exchange above R$40,000 or made a profit from the sale of shares, which are subject to the levy of the tax. .

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

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

Who can be dependent on Income Tax 2023?

Taxpayers with dependents can pay less tax or increase refund when declaring them in the Income Tax. It is necessary to pay attention to the Federal Revenue rules to know who can be declared as a dependent.

According to the legislation, it is possible to report as dependents on the IR children and stepchildren up to 21 years old (or 24 years old if they are studying), in addition to parents, grandparents and great-grandparents, if they meet the legal norms.

MAY BE DEPENDENT IN THE INCOME TAX DECLARATION:

1. Partner with whom the taxpayer has a child or has lived for more than five years, or spouse
2. Child or stepchild up to 21 years old or up to 24 years old if studying
3. Child or stepchild with a disability, of any age, when the remuneration does not exceed the deduction limits allowed by law, according to the decision of the STF (Federal Supreme Court)
4. Brother (ã), grandson (a) or great-grandson (a) up to 21 years of age or up to 24 years (if studying), provided that the taxpayer has custody, or at any age, when physically or mentally incapacitated for the work
5. Disabled brother, grandson or great-grandson of whom the taxpayer has custody, at any age, when the remuneration does not exceed the deduction limits allowed by law, according to the decision of the STF
6. Parents, grandparents and great-grandparents who, in 2022, received income, taxable or not, of up to BRL 22,847.76
7. Minor up to 21 years old that the taxpayer raises and educates and who has legal custody
8. Person deemed incapable of whom the taxpayer is guardian or trustee

View deduction amounts

• For each dependent, the deduction limit is BRL 2,275.08 in the year; the monthly amount is BRL 189.59
• There is also the annual limit with education, which is BRL 3,561.50 per dependent
• To include father, mother, grandfather, grandmother, father-in-law or mother-in-law in the declaration, the income limit —taxable or not— is BRL 22,847.76 in the year