The start has been given! This Wednesday (15), at 9 am, the deadline for submitting the 2023 Income Tax declaration begins. Also, those who submit the declaration before have a better chance of receiving the refund first, if they are well.
The deadline is until May 31. Today, the pre-filled statement was also released, which will give priority to the refund.
Now, you can also declare income tax online. Just settle accounts with the Federal Revenue via e-CAC or the Meu Imposto de Renda app for mobile devices. There is no need to download or install any programs.
What we will see in this article:
Do I need to declare income tax?
The government’s forecast is to collect between 38.5 million and 39.5 million declarations from individual taxpayers in 2023. Last year, 36.3 million were delivered.
The fine for delay, for those who do not comply with the deadline for the Income Tax declaration, is at least R$ 165.74. While the penalty can reach up to 20% of the tax due plus interest.
You are required to declare income tax in 2023 if:
- Received taxable income above BRL 28,559.70 last year;
- Received more than BRL 142,798.50 in rural activities or have rural losses to be compensated in the calendar year 2022 or in the following years;
- Moved to Brazil in any month of 2022 and stayed in the country as a resident until December 31st.
- He owned assets, including bare land, worth more than R$300,000;
- Earned more than R$ 40,000 exempt, non-taxable or taxed at source in the year;
- Had, in 2022, a capital gain on the sale of goods or rights subject to the levy of the tax, carried out operations on the Stock Exchange or in the capital market in which the sum was greater than R$ 40 thousand or with calculation of net gains subject to the levy of the tax.
What documents do I need to declare IR?
If you are not making the declaration for the first time, have your 2022 declaration receipt number at hand, which refers to the 2021 income. In addition, you need several personal documents at hand:
- CPF;
- Proof of residence;
- Voter card;
- Last income tax return (if any);
- Account number of the bank branch to receive the refund;
- Name, CPF and date of birth of dependents, food and spouse (if any);
It is worth remembering that the Federal Revenue requires the CPF of dependents and that of any age. And in case the dependents do not have a CPF, the document must be requested at Post Office, Caixa or Banco do Brasil branches.
And don’t forget proof of income, you can find out more regarding it here.
Do Income Tax-exempt investments need to be declared?
An important point is that even if no tax is paid on these investments, the income earned needs to be declared in the Income Tax. When declaring, it is necessary to inform the amount invested and that is currently held by the investor.
In addition, it is necessary to put the amount referring to the earned income. In case you didn’t know, the data to be used in the statement are in the income reports provided by the financial institutions and banks where the investor has his resources applied.
Many fixed and variable income investments are taxable, such as Treasury Direct public bonds and Bank Deposit Certificates (CDBs). But there are free alternatives. Check the list here.
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