The deadline for submitting the Declaration of Income tax Individual 2022 – base year 2021 for the Federal Revenue. The taxpayer must submit the documentation to the agency by April 29.
Refunds will be paid between the end of May and September. The date for the refund will depend on the deadline used by the taxpayer to declare the tax. In total, there will be five batches of refunds, one per month.
The Internal Revenue Service estimates that 34.1 million declarations will be sent this year. Anyone who does not file the declaration or sends it outside the deadline will have to pay a fine of at least R$ 165.74, which can reach 20% of the tax due.
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Who should declare?
Those who received more than BRL 28,559.70 in taxable income, such as salary, rent, retirement and emergency aid, or more than BRL 40 thousand in exempt income, such as labor compensation or FGTS withdrawal, during 2021, must make the declaration ;
Who had a gross income of more than BRL 142,798.50 in rural activity in 2021 or who intend to compensate for the losses of rural activity in this or previous years with the income of this or future years;
Anyone who, until December 31, 2021, had possession or ownership of goods or rights, including bare land, in the total amount of more than BRL 300,000 must also declare the tax;
Those who obtained a capital gain on the sale of assets or rights, subject to the incidence of tax; and those who opted for the capital gain tax exemption on the sale of residential real estate, followed by the acquisition of another, within 180 days;
Who carried out operations on stock, commodity, futures and similar exchanges;
Those who became resident in Brazil, in any month, and were in that condition on December 31 of the calendar year.
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Who doesn’t need to declare?
Those who do not fit into any of the above situations;
Whoever appears as a dependent in another person’s declaration, in which their income, assets and rights, if any, have been informed;
Finally, who had their assets and rights, declared by their spouse or partner, provided that the total value of their private assets is not greater than the limit on December 31st.
According to the Federal Revenue, any citizen can submit the declaration as long as they are not on another declaration as a dependent.
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How to declare?
To file and submit the declaration, it is necessary to download the 2022 Income Tax filling program, even if last year’s version is already installed. The IRS also released this Monday (7) the program to carry out the 2022 Income Tax declaration, which can be downloaded on the agency’s own website.
If the 2021 declaration was made on the same device, there is likely a copy on the device. Just find it, click on “New” declaration, within the Federal Revenue program, select “Start importing 2021 declaration” and the file inside the device.
If it is the first time, CPF number, voter registration number, residential and occupation data are required. If there are dependents, it is also necessary to present their information.
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After filling in the basic data, it is necessary to present the income report, which details how much each one received as a salary and paid with Income Tax at source and INSS, in 2021. The document can be accessed through the contracting company and through the INSS itself for retirees.
If the declaration is made together with the spouse, it is also necessary to present proof of income for the same. In any case, dependent payments must be reported.
With the data filled in, just inform the bank details and send the declaration. Don’t forget to note the receipt number.
For more information go to My Income Tax website, of the IRS.
Editing: Daniel Lamir
