Income Tax: refund consultation starts until Wednesday – 05/18/2023 – Market

The Federal Revenue must release until next Wednesday (24) the consultation of the first batch of refunds of the 2023 Income Tax.

“As a rule, the release of the consultation comes out a week before payment”, informs the agency.

The deposit will be made on May 31st, which is also the last day to send the statement. The first batch can be consulted on the Revenue website at this link:

The taxpayer needs to inform the CPF, date of birth and fiscal year, which in this case is 2023. Finally, mark the captcha indicating that it is human and click on consult.

Payment will be made in the form determined by the taxpayer when delivering the statement: Pix or transfer to bank account.

The first batch should only have people who are on the priority list for refunds, following the order defined by the Revenue and the delivery date, and who sent the data by May 10.

Order of taxpayers with priority:

1. Seniors aged 80 and over

2. Seniors aged 60 and over; people with disabilities and people with serious illness

3. Taxpayers whose main source of income is teaching

4. Taxpayers who chose to make the pre-filled statement or who choose the Pix refund

There will be four more payment batches between June and September, with deposits on the last business 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 declarations ends at 23:59 on May 31st. Between 38.5 and 39.5 million declarations are expected. In 2022, the tax authorities received more than 36 million declarations, above the initial forecast of 34.4 million.

WHO IS REQUIRED TO DECLARE INCOME TAX?

Taxpayers 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

• It was exempt from IR on capital gains 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, 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

WHAT IS THE MINIMUM AMOUNT TO DECLARE INCOME TAX?

The minimum amount of taxable income in the year 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, must also declare, as well as those who carried out operations on the Stock Exchange over R$40,000 or made a profit from the sale of shares, which are subject to 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

WHAT DOCUMENTS ARE NEEDED TO DECLARE THE INCOME TAX?

The most important document is the income statement from paying sources, including the INSS retirement statement. Also have other documents at hand, such as medical receipts, proof of FGTS withdrawal, if applicable, vehicle document, property documentation, rent receipts received, among others.