IRPF 2024: Revenue has already received 28 million declarations

Until the morning of this Tuesday (21), the Federal Revenue Service received 28,208,463 Income Tax (IR) 2024 declarations. The government’s expectation is that up to 43 million declarations will be sent. The deadline is May 31st, except in Rio Grande do Sul, where the date was postponed to August 31st.

Asafe Gonçalves, managing partner of Asafe Gonçalves Advogados and specialist in tax law, explains that those who need to file an income tax declaration are:

individuals who received taxable income above R$30,639.90;

who received exempt and non-taxable income above R$200 thousand in 2023;

those who obtained gross income from rural activities above R$ 153,199.50 in 2023;

who has assets or rights included and properties above R$800 thousand reais;

people who received income through donation or inheritance and lottery prizes.

Asafe Gonçalves highlights that submitting the Income Tax declaration is included as a civic duty, as it is a way of financing essential public services. “Like this issue of health, safety, education. We see, for example, this catastrophe in Rio Grande do Sul. Tax collection helps the state, because the government raises funds, where it has the financial strength to carry out this type of aid”, he explains.

Operator Dálison dos Anjos, 23 years old, resident of Goiânia (GO), explains how he is preparing to send the declaration on time. “Regarding Income Tax, I have to send it, at the latest, by the 31st of this month. To do this, I organize my bank statements, send them to my accountant, he does them for me and then just sends me the receipt. of what it was made, that I should have saved it here with me too.”

It is necessary to report all income in the Income Tax declaration, to avoid contradictions with the Federal Revenue, even in the case of exemptions. Therefore, all financial transactions, such as investments and investments, must be declared in the IR, even if they are not taxable.

Valdir Amorim, legal and tax technical coordinator at IOB, explains that income received from the following financial investments is exempt from Income Tax:

Savings account;

Mortgage bills;

Agribusiness Letters of Credit (LCA);

Real estate credit letters (LCI);

Agribusiness receivables certificates (CRA);

Certificates of real estate receivables (CRI);

Infrastructure debentures.

What are the consequences for those who do not declare income tax?

For those who do not submit their Income Tax declaration on time, Asafe Gonçalves explains that there is generally a fine of 1% per month on the amount of tax due, which can reach 20% of the total amount.

“And if you don’t submit your Income Tax declaration, you won’t be able to obtain any type of certificate or other service linked to your CPF within the Federal Revenue Service, which makes life difficult. You run the risk of falling prey to the IRS, which could result in criminal and criminal repercussions due to the crime of tax evasion,” he adds.

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By Brasil 61