IR 2023: complete or simplified statement? – 05/29/2023 – Market

Taxpayers obliged to declare the 2023 Income Tax may suffer losses if they do not pay attention, when sending the document to the Federal Revenue, the type of taxation to be applied, whether by legal deductions or simplified discount.

The model chosen should be the one that pays the most, that is, the one that will guarantee a greater refund or a lower tax to be paid. The deadline to declare the IR ends at 23:50 this Wednesday (31).

According to the Federal Revenue Service, the option for the simplified discount replaces all the deductions contained in the legislation with a single deduction of 20% on the amount of taxable income in the annual adjustment declaration, limited to R$ 16,754.34.

In this case, there is no need to prove expenses through payment receipts and invoices, and the discount can be used regardless of the total income received and the number of paying sources.

Consultants heard by Sheet inform that there is no longer a simple or complete model, as in the past. Now, the taxpayer is obliged to put all the data in the declaration, informing all the deductible expenses, in addition to the income, so that the program calculates the best taxation and gives him the option to choose.

The calculation is presented in a box, on the left, below the statement made in the IR generator program on the computer. You have to choose one of them. According to the Revenue, any taxpayer can opt for the simplified discount. However, after the deadline for submitting the declaration, no change in the form of taxation of already declared IR will be allowed.

The tax authorities also inform that regardless of the form of taxation chosen by the taxpayer, he must fill out the “Payments Made” and “Donations Made” forms, including all payments and donations for 2023, including alimony, rents, education and health expenses , between others.

“The lack of information regarding the completion of the “Payments Made” form subjects the taxpayer to a fine of 20% of the undeclared amount”, says the Revenue.

How to declare income tax?

Those who are going to declare the Income Tax must not forget to inform all the earnings and expenses in the last year. There are expenses that guarantee deduction, which increases the refund or decreases the tax payable.

It is also necessary to report the income and expenses of dependents, so it is not always recommended to declare a dependent with income. Consultants heard by Sheet indicate to the taxpayer to carry out the simulations, in the Income Tax program itself, to find out what pays off the most.

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WHO SHOULD DECLARE THE IR IN 2023

Must declare income tax this year 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, commodity, futures and similar exchanges, the sum of which was greater than R$40,000, or with net gains subject to the levy of tax

• 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