Income Tax 2023: Taxpayers can receive refunds until the end of May

Leonardo Oliveira, accountant and executive director of NTW Resende, informs that in addition to these two novelties, the IR 2023 also includes changes in stock exchange operations.

“Until last year, any operation on the stock exchange had to be declared. This year there was a change, that is, if you only had sales operations on the stock exchange and these amounts do not exceed 40,000 reais, you are no longer obliged to file an income tax return”, he explains.

Leonardo points out that attention must be paid, as some operations on the stock exchange are subject to income tax and these operations, regardless of the amount, must be included in the income tax return.

Who is obliged to declare the Income Tax 2023:

• Taxpayers who received taxable income above R$ 28,559.70 in 2022. The amount is the same as last year’s declaration.
• Taxpayers who earned more than BRL 40,000 exempt, non-taxable or taxed at source in the year – such as labor compensation or savings income.
• Taxpayers who obtained in 2022 a capital gain from the sale of goods or rights, subject to the levy of the tax, or carried out operations on the Stock Exchange or in the capital market whose sum was greater than R$ 40 thousand or with calculation of net gains subject to the levy of the tax.
• Those who received more than R$ 142,798.50 in rural activity or had rural losses to be compensated in the calendar year 2022 or in the coming years. Taxpayers who owned assets, including bare land, worth more than R$300,000.
• Taxpayers who moved to Brazil in any month of 2022 and stayed here as a resident until December 31st.
• Taxpayers who obtain, in any month, a capital gain on the sale of goods or rights subject to the levy of the tax.

How to make the statement

Income tax returns can be made through the Income Tax Program (PGD/2023), but they can also be done online via e-CAC and the My Income Tax app. The program is available for download on operating systems such as MacOS, Linux, Windows and other operating systems.

restitution batches

Refunds will be paid between May 31st and September 30th. Just like last year, this year there will be five payment batches. The dates are:

• 1st batch: May 31
• 2nd batch: June 30th
• 3rd batch: July 30th
• 4th batch: August 31
• 5th batch: September 30th

The executive director explains that people who send the statements by May 10th will be able to join the list of the first batch of payments. “Whoever chooses to make the pre-filled statement, opt for the refund via Pix and send their statement by May 10th, will be able to enter the refund queue that already takes place on May 31st”.

For more information on the 2023 Income Tax Declaration, visit the website of IRS.

See more:

DOMINGOS SÁVIO: Increasing the billing limit for MEI is “priority number 1”

New meeting of the Central Bank to discuss the interest rate is scheduled for the 21st and 22nd