Taxpayers have one month to submit their income tax return

Taxpayers who have not yet gathered the documents to settle accounts with Leão can rest assured. The deadline for delivering the Individual Income Tax Return, which traditionally ended on April 30, was extended to May 31, definitively starting this year.

According to the most recent balance of the Federal Revenue, released on the last day 19, more than 15 million taxpayers had sent the document. The expectation is that between 38.5 million and 39.5 million statements will be received this year, a number higher than the record set in 2022, when the Tax Authorities accounted for 36,322,912 documents.

Deadlines

As of 2023, the statement has new deadline, from March 15th to May 31st. According to the Revenue, the change was necessary to allow all taxpayers to have access to the pre-filled income tax return on the first day of delivery.

In recent years, the deadline for submitting income tax returns has been extended. In 2020, the period ended on June 30 due to the covid-19 pandemic. In 2021, with a new wave of the pandemic, the end of delivery moved from April 30 to May 31.

Last year, the deadline started on March 7th, because of Carnival the week before, and also extended to May 31st. At the time, the Revenue also reported that the objective was to reduce the effects of the covid-19 pandemic.

According to the tax auditor José Carlos Fernandes da Fonseca, national supervisor of the Income Tax Program, as most of the information provided in the pre-filled declaration only reaches the Federal Revenue at the end of February, the Treasury needs a deadline to consolidate the data. . Because of this, the pre-filled form, in which the taxpayer only confirms the data before sending it to the Tax Authorities, only comes out in mid-March.

Refunds

The statement has news regarding the refund. Anyone who chooses to receive the refund via Pix or use the pre-filled statement will receive the amount faster, always respecting legal priorities. In relation to Pix, however, the novelty only applies to those who declare the Individual Taxpayer Registration (CPF) key in the refund payment field.

Another important change is the expansion of data available in the pre-filled declaration. Last year, access had been extended to those with a silver or gold level account at Portal Gov.br. Now, the form, which provides more convenience and reduces the chances of errors by the taxpayer, will have more information, such as real estate registered in the notary and crypto assets.

There was also a novelty in relation to those who have investments in the stock exchange. The Revenue made the declaration mandatory for this public. Only those who made high-value sales or made a profit (of any amount) in these applications should complete the declaration.

Check out the main news of this year’s statement:

Refunds

Whoever declares the Pix key of the CPF type in the bank account field in the “refund” tab and those who use the pre-filled declaration will have priority in the payment.

These taxpayers will receive in the first batches, as long as legal priorities are respected (elderly from 80 years old, elderly from 60 years old, people with disabilities or serious illness and taxpayers whose main source of income is teaching).

According to Revenue, payment will occur faster via Pix because many taxpayers misreport the current account number intended for refund. This year, it will still not be possible to report random Pix keys, email addresses or phone numbers on the income tax return.

pre-filled statement

Provided to individuals with silver or gold accounts on Portal Gov.br since last year, the pre-filled statement will be more complete this year. The Federal Revenue has expanded the database of the form, available from this Wednesday at CRevenue Service Virtual Entry (e-CAC).

As of this year, the pre-filled statement has the following information:
• Property acquired and registered with a notary, based on the Declaration of Real Estate Operations (DOI)
• Donations made in the calendar year declared by institutions in the Declaration of Tax Benefits (DBF)
• Inclusion of crypto assets declared by exchanges (digital asset brokers)
• Balances from BRL 140 on bank and investment accounts on 12/31/2022, provided that the CNPJ, bank, account, agency and balance data on 12/31/2021 have been correctly informed by the taxpayer
• Inclusion of bank accounts and investment funds not reported in the 2022 statement or opened after sending last year’s statement
• Restitution earnings received in the calendar year

In addition to these data, the pre-completed declaration has information related to paying sources, income, deductions, assets and rights and debts and real encumbrances obtained by declarations passed on by companies, health plans, financial institutions and real estate companies to the Revenue, and it is only up to confirm the data or change, add or delete necessary information. Identification, address, receipt number and dependent information is also provided.

Access to third-party pre-populated declaration

Another novelty in the pre-filled statement is the access authorization for third parties to access the document without electronic power of attorney. According to the Federal Revenue, the novelty helps in completing the Individual Income Tax Declaration in cases where a single family member fills in the documents of the others.

Authorization can be granted in site of the Federal Revenue, in My Income Tax section, and in the app of the same name for cell phones or tablets. Only natural persons can opt for the functionality, with a CPF being authorized by up to five other taxpayers.

Despite dispensing with typing data, the pre-filled declaration requires the taxpayer to check whether the information is correct, comparing it with the income reports and receipts collected.

Investments on the stock exchange

The Revenue made the rules more flexible for those who invest in the stock exchange, in the futures market or in similar investments. Now, only those who sold shares whose sum exceeded BRL 40,000 or who made a profit of any amount from the sale of shares in 2022, subject to the collection of income tax, regardless of the value of the sale, are only obliged to send the declaration. Previously, any taxpayer who had bought or sold shares in the previous year for any amount was required to declare.