IRPF: What amount to declare? Documents? Until when? – 03/15/2023 – Market

The period to deliver the 2023 Income Tax return begins at 9 am on Wednesday (15) and ends at 11:59 pm on May 31. Also this Wednesday, the Federal Revenue releases the option of a pre-filled declaration, the updated application for cell phones and tablets and access to the IR 2023 in the e-CAC (Virtual Service Center).

Starting this year, taxpayers will have two and a half months to report to the tax authorities. Before, it was two months – only in the pandemic was the period extended.

Among the novelties is the possibility to enable third parties to make the pre-filled declaration of Income Tax and send it to the tax authorities, facilitating the work of the “family accountant”.

Anyone who opts for the pre-filled model or chooses to receive the refund per Pix will be entitled to enter the refund priority list.

Taxpayers who received taxable income above BRL 28,559.70 in 2022, among other rules, are obliged to declare the IR. Those who are obliged to declare and miss the deadline pay a fine of R$ 165.74, which can reach 20% of the tax due for the year.

Consultants warn of the importance of checking all data before sending the declaration, to avoid falling into the fine mesh. According to the Federal Revenue, the omission of income is the champion of mesh retention.

Of the total, 40.6% of the statements withheld indicate omission of income. In most cases, secondary remunerated activities, other than the taxpayer’s formal employment, are not declared. “It is also common to include a dependent and his expenses, but forget to declare the income he received”, says the tax authorities.

In second place in the fine mesh, with 21.7% of cases, comes medical expenses. These are data informed by the taxpayer that are different from those declared by the doctor or health plan. There are still those who try to deduct health expenses that do not guarantee legal deduction.

In third position, with 18.6% of the cases, is the error due to information that differs from withholding amounts. These declarations are withheld when the taxpayer’s information on the withholding tax is different from that reported by the withholding source.

Valdir Amorim, IOB’s tax and legal officer, warns of these flaws. According to him, among the reasons are errors in filling out the declaration due to lack of attention and typing error.

“Therefore, before starting to fill in the declaration, the taxpayer must make sure that he has all the necessary documentation in order”, he says.

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

Until when can you declare the Income Tax?

The deadline to declare the IR runs from March 15 to May 31. Completion and delivery of the declaration are done in the same program. The Federal Revenue’s computers receive the declarations almost 24 hours a day, with a break between 1h and 5h for system maintenance.

Delivery starts at 9 am on the first day of the deadline and runs until 23:59 on the last day. 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

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, it is necessary to report 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.