3 common questions when declaring income tax

Make the income tax return can be a difficult task for some. To help you, we will answer the 3 most common questions.

Who answers is the VelotaxWarren’s partner company.

Who needs to declare the IR?

There are several rules to determine who is obligated to declare income tax. The criteria that most encompass contributors are:

– Have received taxable income above R$28,559.70 in the last year;

-Having received exempt or non-taxable income above R$40,000 in the last year;

-He had assets and rights on December 31, which, together, were worth more than R$300,000;

-Have obtained capital gain on the sale of assets or rights in the last year;

-Have operated on the stock exchange for more than R$40,000 or have obtained taxable income in 2022.

It is worth noting that there are other criteria for the mandatory declaration. And even if you fit only one of them, you are obliged to declare.

How to declare dividends?

Dividends are exempt from payment of income tax. For this reason, they must be declared in the Exempt Income.

Do I have to declare my investments even if I don’t reach the value to be obliged to declare the IR?

If you have to submit the declaration by other criteria, all your assets and rights, including your investments, must be included in the declaration.

If you do not fit the other criteria, you will only be required to declare if you operated in excess of BRL 40,000 in 2022 or obtained taxable income.

In this case, remember to use the Warren by Velotax IR calculator to keep up with their obligations.

Still have doubts?

You can contact the Velotax specialists that are inside all IRS rules and ready to help you.

Be sure to consult the complete guide on how to declare your investments with Warren.