THE Secretariat of the Federal Revenue Brazil today released the software to declare the Personal Income Tax 2018, which is based on the year 2017. The declaration, however, can only be sent from next Thursday (March 1), with the deadline until 23:59 on April 30.
The sooner you send the revenue information, the greater the chances of receiving a tax refund on the first batches that are due to be released from June and continue until December (for taxpayers who do not need the fine mesh and who obviously have right to a refund). Bearing in mind that the elderly, people with severe disease and the physically or mentally disabled have priority.
Those who do not make the declaration or deliver it after the deadline will have to pay a fine of at least R $ 165.74. Each day, the Revenue charges interest equivalent to the percentage of 1% per month up to a limit of 20% of the total tax due in 2017.
Who should declare
The mandatory declaration for Individuals residing in Brazil who received, last year, taxable income above R $ 28,559.70 (same value as IRPF 2017). Taxpayers must also declare that:
- They received exempt, non-taxable or taxed income exclusively at source, the sum of which was greater than R $ 40,000.00 last year;
- Whoever obtained, in any month of 2017, a capital gain on the sale of goods or rights subject to the tax or carried out operations on stock exchanges, commodities, futures and the like;
- Who had gross revenue of more than R $ 142,798.50 in rural activity;
- Who had, on December 31, the possession or ownership of goods or rights, including bare land, with a total value exceeding R $ 300,000.00;
- Whoever became a resident of Brazil in any month and in that condition was on December 31, 2017;
- Who sold a property and bought another within 180 days, using the IR exemption at the time of sale.
The taxpayer must list in the declaration assets and rights in Brazil and abroad, as well as debts.
What has changed
The IRPF software now has additional information fields that change according to the type of asset. In the case of real estate, for example, information such as date of acquisition, real estate area, registration of registration in public agency and in the registry is requested. For vehicles, the National Vehicle Registry (RENAVAM) is requested. The tax authorities also ask for the CNPJ of the financial institution in which the taxpayer has a current account and financial investments.
For now, filling in these optional fields will be mandatory in 2019. The national income tax supervisor, tax auditor Joaquim Adir, however, recommends that taxpayers already send this information to facilitate the import of data next year.
Another novelty related to dependents. Revenue reduced from 12 to 8 years old the mandatory age of the dependent who needs to have the CPF informed in the Income Tax from 2019, the obligation will be valid for any age.
In the automatic update of the software (something already available last year) it will also be possible to fill in the DARF (Document of Collection), for those who have tax to pay, with the updated values of interest (Selic) if you choose to pay in more than one installment . In addition, the taxpayer will also be able to know the so-called “effective rate” of the Income Tax, already in the generating program.
According to the IRS, it will also be possible to rectify the statements sent through mobile devices, such as tablets and smartphones. For this, however, it is necessary that the original declaration was sent from the same device.
How to complete the declaration?
The declaration can be made by the computer software or by the official My Income Tax app (available from March 1) for iOS and Android. Another alternative is to use the service of the same name, available at the Virtual Service Center (e-CAC), on the Revenue website, with the use of a digital certificate.
The person who opts for the simplified declaration waives all deductions allowed under tax legislation, such as those for education and health expenses, but is entitled to a deduction of 20% of the amount of taxable income, limited to R $ 16,754.34 (even last year's value).
Those with high expenses in these areas can opt for the complete declaration, with limits of R $ 2,275.08 for each dependent, R $ 3,561.50 for education and R $ 1,171.84 on the remuneration of domestic employees expenses such as health plans, medical consultations and exams follow without limit of deduction.
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Revenue expects to receive 28.5 million statements this year, 340,000 more than in 2017.
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