As the tax filing deadline approaches, an expert clarifies the most common doubts on the topic
OR Income tax It is one of the most important tax obligations of Brazilian citizens. Every year you must report your income and expenses to the Federal Revenue Agency, indicating the amounts received and how much you have paid in taxes, as well as other relevant information.
Many people are still confused when filing their tax returns and, as a result, may miss the deadline or make mistakes that result in fines and other penalties.
This year, the deadline expires on May 31st and, to help you meet your tax obligations, Thaíne Clemente, strategic and operational manager of Simplici, fintech of 100% of your online personal credit, lists some tips to avoid missing the deadline, knowing what and how to declare.
Who has to declare income tax?
They must file a federal revenue tax return those who had an income exceeding R $ 30,639.90 in 2023. The bill includes amounts such as salaries, pensions, pensions and rents received, compensation and per-work.
It is also necessary to inform about assets and rights, such as real estate, cars, land, investments in stocks, funds, savings and deductible expenses, such as healthcare expenses, education, donations, food, among others.
Those who have received exempt, non-taxable or taxable income exceeding R$40,000 must also submit a declaration. This account includes income such as unemployment insurance, inheritances, insurance benefits, and lotteries.
Separate documents and keep an eye on changes
Remember to have at hand all the documents necessary to make the declaration, such as income statement, proof of health expenses, education, rent, among others. Organize everything before you start making the statementThis way you save time and don’t leave anything out.
Additionally, the Federal Revenue Service usually changes its rules and requirements for reporting income taxes each year. Therefore, stay tuned for changes and news by checking the official website.
What does not need to be declared?
Transactions made via Pix do not need to be declared. What must be declared in income tax is the receipt of income earned regardless of the means by which it was received. Whether through DOC, TED or Pix, the income must be included in the Taxable Income Received by Individuals form.
In the case of loans, only requests exceeding R$5,000 need to be reported. This category includes all types of loans, for example from paycheck loans to special allowances, as long as they are higher than the indicated amount.
“It is worth remembering that this year taxpayers who use the pre-compiled declaration or choose Pix as the refund payment method will have priority in the payment batches. The innovation comes to ensure that data compilation errors decrease, but only CPF keys will be accepted,” informs Thaine.
Source: Terra
Ben Stock is a lifestyle journalist and author at Gossipify. He writes about topics such as health, wellness, travel, food and home decor. He provides practical advice and inspiration to improve well-being, keeps readers up to date with latest lifestyle news and trends, known for his engaging writing style, in-depth analysis and unique perspectives.
