Learn how to declare Income Tax for the 1st time – 05/22/2023 – Market

The Federal Revenue expects to receive 3.8 million declarations of the 2023 Income Tax from taxpayers who will render accounts for the first time. Of this total, just over 2.2 million sent the document, according to the most recent data from the tax authorities, on May 10. There are still 1.6 million declarations to go.

Those who will declare for the first time have to be aware. Any mistake can lead to fine mesh. Like other taxpayers, first-time taxpayers need to have documents proving income received and expenses for 2022, in addition to assets and investments.

The income tax return must be submitted by 11:59 pm on May 31st. If the person who is obliged to settle the accounts does not meet the deadline, he will pay a fine. The minimum amount is R$ 165.74 and can reach 20% of the tax due in the year.

The first step is to install the declaration filling and delivery program on the computer. It is also possible to make the IR by cell phone or tablet, in the Meu Imposto de Renda application, or through the Revenue e-CAC (Virtual Service Center). For those who are going to fill in the computer, it is necessary to download the program (see the step by step).

In the declaration by cell phone or tablet, the taxpayer must update or download the My Income Tax application. Completion and submission occur through the same program, to facilitate the taxpayer’s accountability.

How to fill in the declaration

The declaration to be made is the annual adjustment. The Revenue and experts recommend choosing the pre-filled statement, which contains data sent by companies, financial institutions, service providers, real estate registries, entities that received donations and others.

The feature was expanded in 2023, but you must have a silver or gold level account at gov.br. Click here to find out how to get it.

In addition, the tax authorities warn that the taxpayer should not rely only on pre-filled data. It is necessary to check them, correct what is necessary and add what was missing because, if there are differences, the taxpayer will fall into the fine mesh.

The main forms that must be completed are:

• Taxpayer identification, where are the personal data
• Taxable Income Received from the Legal Entity, where the salary is declared
• Exempt and non-taxable income, where the taxpayer informs the FGTS (Senior Severance Indemnity Fund), if applicable, and/or employment contract indemnity with or without just cause
• Income Subject to Exclusive/Definitive Taxation, including the 13th and PLR, if any
• Payments made, where are the expenses with education, health and other
• Assets and rights, where real estate, vehicles, bank accounts and investments must be declared

HOW TO DECLARE INCOME TAX BY COMPUTER

• Open the IRPF 2023 program on the computer and click on “New”
• Inform the type, if it is an annual adjustment, end of estate or permanent departure from the country
• Next to it will appear the options to declare through the pre-populated form, copying data from the previous declaration or creating a blank document
• The pre-filled will only be available from March 15th
• Enter CPF, name and click OK
• Fill out the taxpayer identification form and go to the other forms
• Inform if there is anyone with a serious illness or physical or mental disability
• Last year’s IR receipt number as well as voter registration are not mandatory. When sending the IR, they will appear as a yellow pendency, which does not prevent sending
• The dependents go in their own file; if they have income, they must be informed
• Income must be declared as received from a legal entity, if from a company, or PF, if paid by an individual. In this case, the statement must inform the values ​​month by month
• IR deductible expenses go to Payments Made
• Since 2022, the Assets and Rights sheet has the option of declaring assets by groups; house and apartment go in group 1 and cars in group 2
• Bank account with a balance above R$ 140 on 12/31/2022 goes to Goods and Rights
• Debts are declared in Debts and Encumbrances

CHECK ALL THE DECLARATION DATA AND CHOOSE THE DISCOUNT

• After completing the statement, check all the information and choose the discount
• Statutory deductions take into account expenses to reduce the tax payable or increase the refund
• The simplified discount applies a single standard 20% discount on earnings

CORRECT THE PENDENCIES AND SEND

• To submit the statement, click Submit Statement
• At the time of submission, the system may indicate that there are pending issues; say Yes to the question Do you want to open the backlog for scanning?
• What is in red prevents sending and must be corrected
• Write the statement to send; the program will close the document and then click on your name to transmit, generate the receipt and save the copy of the declaration and the receipt; print if necessary
• Inform the details for payment of the refund before