Income Tax 2024: final date to declare falls on a holiday

Income Tax 2024: final date to declare falls on a holiday – State of Minas

SÃO PAULO, SP – The deadline for submitting the Income Tax declaration ends in just over a month, on May 31st, during the Corpus Christi holiday.

Federal Revenue units will be closed for in-person service on Thursday (30) – the day of the holiday – and Friday (31), but delivery will normally operate online.

The original declaration, which is the one sent for the first time by the taxpayer, can only be delivered remotely, using the PGD (Declaration Generator Program), which can be downloaded to the computer, in the My Income Tax application (available for cell phones and tablet) or the IRS e-CAC (Virtual Service Center) portal.

See the step by step

According to normative instruction 2,178, which establishes IR rules, Federal Revenue agencies do not receive the original declaration. Shipping is restricted to the internet. In person, the IRS receives the rectifying declarations and documents requested by the inspectorate when the taxpayer falls into the fine mesh. Both can also be delivered online in most cases.

The agency recommends that taxpayers who need to go in person schedule an appointment in advance at a Revenue unit. The branches will close on May 30th and 31st, and will only reopen on June 3rd.

Scheduling can be done using the RFB Scheduling app, available in the official PlayStore (for Android) and App Store (for iOS) stores. For preferential service, you can book an appointment via the IRS website.

The Revenue informed that it will have teams from the agency and the Federal Data Processing Service (Serpro), who will be on duty to monitor, during the holiday, the operation of the systems that receive the declarations.

The recommendation is that the taxpayer avoids submitting the declaration in the last few days. “It is always better to submit the declaration as quickly as possible. It is good to avoid the stress of the last few days with possible problems such as, for example, the Revenue system being slow or going offline”, says Marcos Hangui, Income Tax specialist at King Accounting.

The expectation is that 43 million people will send the declaration this year. As of Monday afternoon, more than 19 million documents had reached the tax authorities. The deadline for submitting the declaration began on March 15th and runs until May 31st. Anyone who delays will have to pay a minimum fine of R$165.74, which can reach 20% of the tax due.

Who must declare Income Tax 2024?

Taxpayers who:

Received taxable income above R$30,639.90, which includes salary, retirement and pension from the INSS or public bodies; in previous years, the limit used was from R$ 28,559.70
Received exempt, non-taxable or taxed income exclusively at source above R$ 200 thousand
Obtained in any month a capital gain (i.e. profit) on the sale (transfer of ownership) of goods or rights subject to tax; This is the case, for example, of selling a car for a value greater than that paid when purchasing it.
Was exempt from IR on capital gains on the sale of residential properties, followed by the acquisition of another residential property within 180 days
Made sales on the Stock Exchange that, in total, exceeded R$40 thousand, including if exempt. And those who made a profit from the sale of shares, subject to tax (amounts up to R$ 20 thousand are exempt)
On December 31, he had possession or ownership of assets or rights, including bare land, worth more than R$800 thousand
Obtained gross revenue from rural activity worth more than R$ 153,199.50
Do you want to offset losses from rural activity in 2023 or previous years?
He started living in Brazil in any month of 2023 and was in this condition on December 31st
Chose to declare assets, rights and obligations held by offshore companies
Holds trusts and other contracts governed by foreign law
Choose to update assets and rights abroad at the market value of December 2023, as long as you pay 8% capital gain

What are the amounts of Income Tax deductions?

Deduction per dependent: R$ 2,275.08 (monthly value of R$ 189.59)
Annual education expense limit: R$3,561.50
Annual limit for the simplified discount (standard discount): R$ 16,754.34
There is no limit on amounts for duly proven health expenses
Extra exemption quota for retirees and pensioners aged 65 and over: R$ 24,751.74 per year (R$ 22,847.76 plus R$ 1,903.98 related to the 13th salary)

I need to declare, how do I do it?

If you are required to declare, choose whether you will fill in the data using the PGD, My Income Tax app or the e-CAC portal.

With the program open, the taxpayer can choose whether to start the declaration from scratch or by importing data from the previous year. He can also opt for the pre-filled declaration, if he has a gold or silver account on the gov.br portal.

What will delivery be like this year?

The delivery period runs from March 15th to May 31st. The pre-filled declaration was made available on March 12. Anyone who chooses the model enters the refund priority queue, which also includes taxpayers who receive the amounts through Pix, elderly people over 60 years old, teachers whose main source of income is teaching and citizens with physical or mental disabilities or serious illnesses.

The reason for starting delivery of the declaration on March 15 is to give at least 15 days for the Federal Revenue systems to be supplied with information sent by paying sources to the agency.

Companies had until the end of February to deliver each citizen’s data to the IRS and to make income reports available to taxpayers. Anyone who has not received it should look for the paying source and request the document.