Income Tax refund: how to anticipate at each bank – 05/23/2023 – Market

Banks offer credit lines that allow you to anticipate the refund of the 2023 Income Tax. The first batch of refunds will be paid on May 31st to 4,129,925 taxpayers. The consultation to find out who will receive this first release will open this Wednesday (24).

The Revenue will pay the refunds in five monthly installments, the last one on September 29th.

The discharge of the loan is done automatically after the payment of the refund by the Federal Revenue Service. However, the institution’s account holder will have to pay the loan amount if he falls into the fine mesh and has not received the money yet.

When sending the statement, the taxpayer also needs to ask the Revenue to deposit the refund in the bank in which he requested the advance.

As it is a loan, those who opt for anticipation will have to pay interest.

Another recommendation is to make sure that the information sent to the Revenue is correct to avoid the risk of the statement falling into the fine mesh, which blocks the payment of the refund.

SEE THE CONDITIONS OFFERED BY THE BANKS:

CAIXA ECONÔMICA FEDERAL

• credit released: Up to 75% of the refund amount
• Fees: 1.78% per month plus taxes
• payment term: Subject to approval
• How to order: At bank branches, Caixa application, internet banking and Alô Caixa (4004-0104 in capitals and metropolitan regions; 0800-104-014 in other cities)
• Conditions: Be a bank account holder, be entitled to a refund and indicate in the statement that you wish to receive the refund in a bank account

BANK OF BRAZIL

• credit released: Up to 100% of the refund amount, with a limit of BRL 20,000
• Fees: Vary according to the customer’s relationship with the bank
• payment term: Date of receipt of refund or by January 15, 2024, whichever comes first
• Hiring term: until September 29, 2023
• How to order: Can be done in branches, bank application, internet banking, relationship center and ATM
• Conditions: Be an account holder, be entitled to a refund and indicate in the statement that you wish to receive the refund in a bank account

BRADESCO

• credit released: Up to 100% of the refund amount; Prices range from $200 to $50,000
• Fees: From 2.56% per month plus taxes
• payment term: Date of receipt of refund or by September 29, 2023, whichever comes first
• Hiring term: until July 31, 2023
• How to order: Can be done in branches, bank application and internet banking
• Conditions: Be a bank account holder, be entitled to a refund and indicate in the statement that you wish to receive the refund in a bank account

ITAÚ

• credit released: Up to 100% of the refund amount, with amounts ranging from R$ 200 to R$ 10,000
• Fees: 2.5% per month plus taxes
• payment term: Date of receipt of refund or by December 21, 2023, whichever comes first
• Hiring term: until October 31, 2023
• How to order: Can be done at the bank branch, through the bank application and internet banking
• Conditions: Be a bank account holder, be entitled to a refund and indicate in the statement that you wish to receive the refund in a bank account

SANTANDER

• credit released: Up to 100% of the refund amount, with amounts ranging from R$ 200 to R$ 50 thousand
• Fees: not disclosed
• payment term: Date of receipt of refund or by October 2023, whichever comes first
• Hiring term:until July 31, 2023
• How to order: Can be done at the bank branch, bank application, internet banking, call center and ATM
• Conditions: Be a bank account holder, be entitled to a refund and indicate in the statement that you wish to receive the refund in a bank account

BANRISUL

• credit released: Up to 90% of the refund amount
• Fees: not disclosed
• payment term: Date of receipt of refund or final due date, whichever occurs first
• Hiring term: until September 8, 2023
• How to order: Can be done at the bank branch, bank application and internet banking
• Conditions: Be a bank account holder, be entitled to a refund and indicate in the statement that you wish to receive the refund in an account at the institution

INTER

• credit released: Up to 100% of the refund amount, and the money is released within four business days
• Fees: 2.8% per month, including taxes
• payment term: Date of receipt of refund or September 29, 2023, whichever comes first
• Hiring term: until September 8, 2023
• How to order: It can be done through the bank application, in “Loans”; then select “Income tax refund anticipation”
• Conditions: Be a bank account holder, be entitled to a refund and indicate in the statement that you wish to receive the refund in a bank account

HOW DO I ASK FOR A REFUND AT THE BANK I HIRE?

To find out the amount you will receive as a refund, you need to open the declaration program and see the amount indicated in tax to be refunded.

This information about the amount to be refunded will appear only after filling in all the fields of the declaration, with the income received and the payments made.

Before sending the declaration, the taxpayer is asked to indicate the bank, agency and account in which he wants to receive the refund of the IR. Banks request that whoever hires the advance refund send proof that it was the chosen financial institution.

If the bank option is changed after sending the statement, the taxpayer must make a rectification.

WHO HAS THE RIGHT TO A REFUND OF INCOME TAX?

The refund is the return of the Income Tax that was paid in excess by the taxpayer during the calendar year, which, in this case, is 2022. The calculations to know if there is tax to be refunded, if the balance is zeroed, or if it is necessary to pay IR are made by the declaration program itself.

The amounts are paid in batches. The date of receipt will depend on whether the taxpayer is a priority or not and when the declaration was submitted. In addition, if pending issues are identified, the refund will only be released after correcting the data.

REFUNDS ONLY BEGIN TO BE PAID IN MAY

The 2023 IR refund will begin to be paid on May 31, the deadline for submitting the IR statement this year. There are five batches of payments, from May to September.

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

In addition to the priority criterion, the Revenue also considers the date of submission of the declaration.

2023 IR REFUND PAYMENT SCHEDULE

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