Income Tax: Pix anticipates refund; see dates – 02/27/2023 – Market

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

The deadline for submitting the 2023 Income Tax is from March 15th to May 31st. This year, there are new rules for sending the document. Those who are required to declare and miss the deadline pay a minimum fine of R$ 165.74, which can reach 20% of the tax due.

To receive before, however, the Pix key needs to be the taxpayer’s CPF. Other keys will not be accepted, according to José Carlos Fonseca, responsible for the 2023 Income Tax program.

The assessment is that, when choosing to receive via Pix, there are less chances of errors when reporting data. The reason is that to have the deposit in the account, it is necessary to inform the bank, agency, bank number, account and other data. In the case of the Pix key, it’s just data.

See who will have priority to receive the Income Tax refund

The payment of the Income Tax refund follows the following order of priority:

• Elderly aged 80 years and over
• Elderly aged 60 years and over
• People with a disability or serious illness
• Taxpayers whose main source of income is teaching
• Taxpayers who used the pre-filled statement and/or opted to receive the Pix refund
• Other taxpayers

The refund is paid according to the calendar determined by the Federal Revenue Service and the priority rules. To receive as soon as possible, it is necessary not to leave the delivery until the end of the term. However, priority taxpayers have the right to receive ahead of others regardless of the date of submission, if there are no errors in the declaration.

The Revenue also informed that those who declare until May 10 are more likely to receive the amounts in the first batches, even though they are outside the list of priority taxpayers. Revenue expects to receive between 38.5 million and 39.5 million declarations this year.

The tax authorities pay five refund batches. The first of them is released on May 31, the last day of the delivery period. This batch, however, is usually intended for the elderly.

See the 2023 Income Tax refund calendar

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

How to make the pre-filled declaration

The pre-filled declaration can be made in the Income Tax generator program, with the program installed on the computer, or in Meu Imposto de Renda, available on the Federal Revenue website, by e-CAC, or by mobile and tablet applications.

To access this facility, taxpayers must have a silver or gold account in the Gov.br system.

The goal of the Revenue is to increase the number of taxpayers who opt for pre-filled. The intention is for 25% of taxpayers to choose this model. In 2022, the total was 7.6%. In addition, as this is information that is already contained in the tax authorities’ database, the chance of errors is lower, which does not mean being left out of the fine mesh.

The taxpayer is responsible for checking the pre-populated data before sending it.

“Your risk is lower because you are less likely to be filling out some wrong information, but this is not the only criterion in the mesh”, says José Carlos Fonseca, responsible for the 2023 Income Tax program.

A TAXPAYER MUST DECLARE THE IR THIS YEAR THAT, 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

• Carried out operations on the stock, commodity, futures and similar exchanges, the sum of which was greater than BRL 40,000 or with net gains subject to the levy of tax (that is, which obtained a profit on the sale);

• 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