Income Tax Refund: 1st batch will be paid on Wednesday – 05/31/2023 – Market

Payment of the first batch of Income Tax 2023 refunds will be made this Wednesday (31). According to the Federal Revenue, the credits will be available until 9 am. Money will be released by Pix or transfer to bank account, as selected by the taxpayer in the statement. Today is also the last one to send the 2023 income tax returns: the deadline ends at 23:59.

The lot will have the largest amount ever made available in history, with R$ 7.5 billion, and will be paid to 4,129,925 taxpayers. The consultation was opened a week ago and can be done at this link: (

Who will receive this batch

• Seniors aged 80 and over: 246,013 contributors

• Seniors between 60 and 79 years old: 2,464,031 contributors

• People with a disability or serious illness: 163,859 contributors

• Taxpayers with teaching as their main source of income: 1,052,002 taxpayers

• Who used pre-filled statement or opted for Pix refund: 204,020 taxpayers

How to make the query

• Enter the Revenue website (www.gov.br/receitafederal) and click on “My Income Tax”

• Go to “Consult the Refund”

• Enter your CPF, date of birth and fiscal year, which in this case is 2023. Finally, mark the captcha indicating that you are human and click on consult

I didn’t get the amount. How do I do?

If, for some reason, the credit is not carried out (for example, the account informed has been deactivated), the amounts will be available for redemption for one year at Banco do Brasil.

In this case, the person may reschedule the credit of the amounts through the BB Portal, accessing the address: or calling the BB Relationship Center through telephones 4004-0001 (capital cities), 0800-729-0001 (other locations) and 0800- 729-0088 (special telephone number exclusively for the hearing impaired).

If you do not redeem the amount of your refund within one year, the request must be made through the e-CAC portal, available on the Federal Revenue website, accessing the Declarations and Demonstrations menu, going to “My Income Tax” and clicking on ” Request refund not redeemed in the banking network”.

I didn’t make the list. And now?

According to the Revenue, the next batches will follow the order of priority and delivery date. Consultation for the second batch must be released by June 23, and payment will be made on the 30th of the same month.

The number of taxpayers benefiting from each of the next batches will depend on the total to be paid. Normally, the Revenue already makes this measurement between the 10th and 12th of each month.

In the case of those who submitted the rectifying declaration, the Revenue considers this date to define the placement in the lot, and not the sending of the first declaration.

But if you weren’t one of those contemplated, know that the amount of the refund in the next batches will be corrected by the Selic, the basic interest rate. As it is at 13.75% per year, consultants claim that this correction generates a better return than many investments.

“If you have the possibility to leave the money, you will receive updated by the Selic and without Income Tax discount. Very few investments will pay for that and you will still be sure that you will receive it”, says economist Sandro Rodrigues, from Attend Contabilidade.

View the refund schedule

There will be four more payment batches between June and September, with deposits on the last working day of each month. The order will follow the list of priority contributors and the delivery date. About a week before the Revenue releases the consultation with those contemplated in each batch.

The refund is corrected by the basic interest rate of the economy, the Selic. The correction index is defined in the month and is usually released a little before the payment date.

2023 IR REFUND PAYMENT SCHEDULE

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

Deadline to declare the IR in 2023

The delivery of the IR ends at 23:59 this Wednesday (31). Between 38.5 and 39.5 million declarations are expected. In 2022, the tax authorities received more than 36 million documents, above the initial forecast of 34.4 million.

WHO IS REQUIRED TO DECLARE INCOME TAX?

The taxpayer 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

• Carried out transactions on the Stock Exchange that, in total, exceed 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 rural activity in an amount greater than R$ 142,798.50

• 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

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

WHAT DOCUMENTS ARE NEEDED TO DECLARE THE INCOME TAX?

The most important document is the income statement from paying sources, including the INSS (National Social Security Institute) retirement statement. Also have other documents at hand such as medical receipts, proof of withdrawal from the FGTS (Employee Severance Indemnity Fund), if applicable, vehicle document, property documentation, rent receipts received, among others.