More than 9.4 million active participants in the consortia have to make the declaration
The delivery of the 2023 Income Statement will continue until 31 May and, for those who have purchased a consortium share and/or have been contemplated in 2022, this means that they will have to include it in the IR report. To help in this moment of so many doubts, myconfintech of digital consortia in Brazil, has drawn some practical guidelines.
Should a consortium not yet envisaged be included in the declaration?
Yes, people who have not obtained access to the letter of credit must declare in the IR that they have a consortium share.
“Failure to report may result in a fine for the taxpayer, as well as other penalties in their CPF,” Francis Silva, CFO of Mycon.
How to declare a consortium?
It is essential to have at hand all the data of the consortium administrator, the tax return and fill in the “properties and rights” form. In the declaration of a car, for example, if the car has not been covered, the person must inform in the group “99 – Other assets and rights”, under the code “05 – Consortium not covered” and in the field “Discrimination ” fill in the data of the consortium, such as the name of the administrator of the consortium, the type of asset, the number of installments paid and the number of installments to be paid.
“It is important to indicate in the Situation as at 31/12/2022 field the amount already declared in the previous year plus all the installments that were paid in the year 2022. If in doubt, consult the Questions and Answers section on the Revenue website federal IRPF 2023”, highlights the CFO of Mycon.
And if you have been contemplated in the consortium?
If the person was contemplated in 2022, he must include “21 – Land Motor Vehicle” in the code. Subsequently, it is necessary to fill in the “Situation” field, following the same recommendation as the one not contemplated. If an offer has been offered during this period, it must also be included in the field.
Subsequently it is necessary to enter the year, license plate and model of the vehicle in the “Fault” field, as well as the Administrator’s data. The installments paid and overdue must also be communicated, as well as any new offer.
Where do I declare?
The IR declaration can be made from mobile devices, such as smartphones and tablets, by accessing the application My income tax. It can also be run by e-CACusing a digital certificate or passcode.
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Source: Terra
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