Income Tax: How do I declare robbery and car theft? – 05/11/2023 – Market

If you had your car stolen, stolen or with a total loss in 2022, know that this information needs to be passed on to the Federal Revenue if you are forced to declare the 2023 Income Tax. , since the taxpayer ceases to own it.

The owner also needs to notify the tax authorities if he has received insurance money and if he has acquired another vehicle after losing the old one.

The delivery of the IR declaration will be until 23:59 on May 31st. The taxpayer obliged to settle accounts that do not meet the deadline will pay a fine. The minimum amount is R$ 165.74 and can reach 20% of the tax due in the year.

In case of theft or theft, the citizen needs to file the incident report and keep it to present to the Federal Revenue, in case he is summoned to render accounts. In the case of total loss, it is necessary to keep the documents and receipts sent by the insurer, in addition to the refund invoice.

“It is important to keep the documents for up to five years, as that is the time that the Revenue has to audit the declarations. In addition, it is necessary to explain well what happened in the declaration forms”, explains Richard Domingos, executive director of Confirp Accounting.

How to declare the car stolen, stolen or total loss

Anyone who loses an asset must write it off in the “Assets and Rights” form, if they have already declared it in previous years. To do so, you must leave the “Situation on 12/31/2022” field at zero.

Keep the data reported in previous years and add in the Breakdown field what happened to the vehicle, including the date of the event. Also inform if there was a reimbursement of the insurance, putting the date, the amount and the number of the contract.

If you acquired the vehicle last year and suffered theft, theft or total loss in the same year, you must go to “Assets and Rights” and click on “New”. Select group 02 (Movable Assets) and code 01 (Land motor vehicle: truck, motorcycle, car, etc.), indicate the location and whether the asset belongs to the holder or dependent. Filling out the Renavam is not mandatory, but it is recommended by experts.

In “Discrimination”, inform the brand, model and license plate of the vehicle, date of acquisition, name and CPF or CNPJ of the seller and detail the payment method. Also include the date of the theft, theft or total loss, including the number of the police report and the insurance contract, if applicable. Leave the fields “Status on 12/31/2021” and “Status on 12/31/2022” blank.

If you bought a new car. You must inform it in the “Assets and Rights” form, opening a new document. Select group 02 (Movable Property) and code 01 (Land motor vehicle: truck, motorcycle, car, etc.). Inform model and brand, year of manufacture and date of purchase. Leave blank the situation on 12/31/2021 and put the amount paid by him in 2022, in the situation on 12/31/2022.

If financed, make this information clear in Discrimination, with information from the bank, agency, number of installments and other data.

Know how to declare the reimbursement paid by the insurance

Insurance reimbursement must be declared under “Exempt and Non-Taxable Income”, by clicking on “New”. Select income type 03 (Capital from insurance policies or annuity paid upon death of the insured, insurance premium refunded in any case and annuity received from private pension entities as a result of death or permanent disability) and filling in the amount paid for the insurance .

If this amount transferred by the insurer has been used to purchase the new vehicle, the taxpayer must report this situation in the Discrimination field of the Assets and Rights form for this new car.

“It is necessary to inform that you used a certain amount of insurance for the purchase of the vehicle, informing the data of the contract with the insurer”, says Adriana Ruiz Alcazar, partner of Seteco Consultoria Contábil.

I rented a car for the entire year. Do I need to declare?

The taxpayer who rented the car does not need to report it to the Revenue, even if the contract lasted the entire year. “It is a payment, it is not deductible from income tax and does not change the tax base. Therefore, for the Revenue, it will not make any difference”, says Richard Domingos.

However, if the person wants to inform, he has to declare it in “Payments Made”, click on New and select code 99 (Others). In the Description field, enter the contract data, the name and CNPJ of the rental company, and vehicle information such as model, brand and license plate. Finally, add the total amount paid to the rental company in 2022.