IR refund: see how to enter the batch paid this month – 05/03/2023 – Market

Those who plan to be on the first batch of Income Tax refunds for 2023 have one week to submit the declaration and wait until May 31 to find out if they will be on the list, in case they do not fall into the fine mesh.

According to the Federal Revenue, the statements received by May 10 will be eligible to enter the first batch, but the order of priority will be respected and it never happened that the first batch had taxpayers who were not among the priorities.

This year, the ratio increased with the inclusion of those who used the pre-filled declaration (about 4.18 million, 22% of the 19 million declarations sent until 1:30 pm this Tuesday) and those who opted for the refund by Pix.

By Revenue rules, the first to receive will be the elderly. See what the payment order looks like:

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 opted to make the pre-filled statement and also those who choose the Pix refund
5. Other taxpayers

The number of taxpayers that will enter the first batch depends on the volume that will be paid. “If we have many priority taxpayers with high refunds, we will have fewer beneficiaries. If we have many priority taxpayers with low refunds, we will have more people contemplated”, explains the Revenue.

Last year, the first batch had 3.4 million taxpayers and paid R$ 6.3 billion. In 2023, 73.6% of the declarations submitted (about 14 million) so far will have tax to refund.

The announcement of those contemplated in the first batch of refunds coincides with the last day for sending the declaration.

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.

See the 2023 IR REFUND PAYMENT CALENDAR

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

Experts point out that not being in the first batch is not necessarily bad. For those who don’t need the money immediately, leaving it yielding to wait for later lots is an investment option, since the value is corrected by the Selic, which today is at 13.75% per year.

“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.

This year, the Revenue said it expects between 38.5 million and 39.5 million declarations to be delivered.

Who is entitled to the Income Tax refund?

The refund is the return of the amount of tax paid in excess by the taxpayer during the calendar year, which in this case is 2022. The calculations to find out if there is tax to be refunded, if the balance is reset, or if it is necessary to pay IR are made by the program for completing and sending the declaration itself.