Income Tax: Revenue receives 2.2 million declarations – 03/16/2023 – Market

More than 2 million declarations of the 2023 Income Tax were delivered to the Federal Revenue within two days of releasing the deadline to declare. The accountability period began at 9 am this Wednesday (15) and runs until May 31.

Those who are obliged to declare and delay pay a minimum fine of R$ 165.74, which can reach 20% of the tax due in the year. There are still other penalties.

Until 5 pm this Thursday (16), the agency received 2,164,378 declarations, according to a balance sheet released by the tax authorities. This year, between 38.5 million and 39.5 million documents are expected.

São Paulo is the state with the most declarations sent, with 655,460 (about 30.3% of the total), followed by Rio de Janeiro (192,594) and Minas Gerais (179,550). Throughout Brazil, until 11:59 pm on Wednesday, 1,571,135 declarations were delivered, a record number.

The filling program has been available for download since last week. Completion and delivery of the declaration are done in the same program. The Federal Revenue’s computers receive the declarations for 20 hours a day, with a break between 1h and 5h for system maintenance.

Delivery runs until 23:59 on May 31st. It is important to respect this final limit of accountability, because those who delay and were obliged to declare pay a fine. The minimum amount is BRL 165.74, but it can reach 20% of the tax due in the year

The pre-filled statement option has also been released, the updated application for cell phones and tablets and access to IR 2023 in the e-CAC.

Who is required to declare?

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.

• 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

What is the minimum amount to declare the 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, savings and alimony.

Those who have assets worth more than R$300,000, when adding all of them, also need to declare, as well as those who carried out operations on the Stock Exchange above R$40,000 or made a profit from the sale of shares, which are subject to the levy of 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

How to make the declaration?

The first step is to download the 2023 Income Tax program on your computer. From this Wednesday, it will be possible to complete and deliver on other platforms as well. The second step is to fill in all the necessary forms, such as taxpayer identification, income, assets and rights, in addition to payments made and debts, if any.

Afterwards, the taxpayer needs to check the data and make sure of the best type of declaration, whether it is for legal deductions or simplified discount. Filling errors lead to fine mesh.

Before starting, have all the necessary documentation in hand regarding income from wages, rents, financial investments, Stock Exchange, credit card, among others, as well as proof of deductions allowed in the statement, such as expenses with medical and education, for example, advises Valdir Amorim, legal and tax technical coordinator at IOB.

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 in hand, such as medical receipts, proof of withdrawal from the FGTS (Senior Severance Indemnity Fund), if applicable, vehicle document, property documentation, rent receipts received, among others.

Who is entitled to the refund?

The Income Tax refund is the return of the amount of tax paid in excess by the taxpayer during the calendar year, which in this case is the year 2022. The calculations to find out if there is a tax refund, if the balance is zeroed, or if it is necessary to pay IR, they are done by the program for completing and sending the declaration.

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. The correction of values ​​is based on the basic interest rate of the economy, the Selic.

Income Tax refund payment schedule 2023

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

What to do to not fall into the fine mesh?

The taxpayer required to declare the Income Tax must be very careful when reporting income and expenses to the Federal Revenue Service. Any error can take you to the fine mesh, which causes the statement to be withheld, without the release of the refund, and there is still the possibility of being fined.

In order not to make a mistake, you must inform all income received in the year, such as salary, odd jobs or rent, for example, including retirement and pension, if applicable. Also report the income of dependents. In addition, it is necessary to pay close attention even to the declared commas and zeros.

Another tip is to deduct only what is allowed by legislation in spending on health, education, private pension and official pension, among others.