Income Tax delivery begins this Friday; find out what changes and download the program

The Federal Revenue opened this Friday (15) the Deadline for submitting Personal Income Tax is May 31st. Those who had taxable income above R$30,639.90 in 2023, among others, are required to account for the lion (see below).

43 million declarations are expected over these two and a half months. Refunds begin to be paid on May 31st, the same day as the deadline for submitting accounts – taxpayers who submit them early will receive them first, in addition to priority groups, such as the elderly, disabled, teachers and those who adopt the pre-filled declaration or choose to receive it via PIX.

According to the Federal Revenue, anyone who does not submit the declaration within the deadline is subject to a minimum fine of R$165.74 and a maximum amount corresponding to 20% of the tax due.

The Income Tax declaration program can be downloaded from Federal Revenue website and, for smartphones, in application stores for Android It is iOS.

See what changed in this year’s declaration

One of the main changes for this year is the update of the mandatory limits for submitting the declaration. The limit for taxable income rose from R$28,559.70 to R$ 30,639.90, according to law 14,663/2023. The ceiling for exempt and non-taxable income also increased, from R$40 thousand to R$200 thousand.

See below who is required to declare Income Tax this year:

• Had taxable income exceeding R$30,639.90 in 2023;
• Received exempt, non-taxable or taxed income exclusively at source in excess of R$200,000 last year;
• Obtained capital gains or carried out operations on stock exchanges with values ​​above R$40 thousand;
• They had gross revenue from rural activities exceeding R$153,199.50;
• Owned assets or rights worth more than R$800,000 by December 31, 2023;
• Changed to resident status in Brazil during the year;
• They chose to declare assets and obligations in an entity controlled abroad;
• Have a trust abroad;
• Want to update assets abroad.

Another new feature is the expansion of the availability of the pre-filled declaration, now accessible to 75% of declarants. This feature promises to speed up the declaration process, reducing the chances of errors and the risk of falling through the cracks.

Mário Dehon, Undersecretary of Collection, Registration and Service at the Federal Revenue, states that the use of pre-filled declarations has more than tripled in the last two years, going from 7% to 24%. This led to a reduction in the number of beads in the fine mesh.

“We also noticed a reduction in the time required to complete the declaration. Of the total number of declarants, 26% took around half an hour to fill it out and a third took no more than an hour. In other words, a minimum amount of time that is only possible thanks to the facilities available,” he stated.

Security in submitting the declaration was also reinforced for this year’s declaration, requiring gov.br accounts gold or silver levels for access to online services.

Another new feature this year is the increase in the limit on donations that were made in 2023. Now, taxpayers can deduct up to 7% for donations to sports and sports projects, while contributions to the National Cancer Care Support Program (Pronon) and to the Health Care Support Program for People with Disabilities (Pronas) have a limit of 1%.

It is also possible to deduct, up to 6%, donations made last year in projects that stimulate the recycling production chain.

In relation to investments abroad, the new legislation allows taxpayers the option of declaring the assets of entities controlled abroad as if they were in their direct possession, in addition to requiring “details of trusts”.

Another relevant change is the possibility of updating the value of assets and rights located outside the country, allowing the calculation and anticipation of capital gains.