About 390,000 people have money from 2020 that they receive from the Federal Revenue Service; Know what to do

Approximately 390,000 taxpayers have an outstanding balance of Income tax refund Announced in 2020. According to the IRS, these people have not received due to outstanding issues with their bank accounts and have available balance for refunds or rescheduling with Banco do Brasil. Refunds are available for up to one year, and it is important that you consult your case to secure payment, if possible.

The refund is paid directly to the bank account reported on the income tax return every year, if the taxpayer is entitled to a refund.

Last year, it began “paying” refunds in five installments, with the first payment being paid in May. The payment corresponds to the amount refunded by the tax authorities in the event of a tax overpayment.

If the balance is not paid for some reason (if, for example, the reported account is deactivated), then the funds are available for refunds for up to one year at Banco do Brasil. In this case, according to revenue, there are about 390,000 Brazilians who declared income tax in 2020, and notified a bank or savings account to get the money back, but the amounts were not transferred to the respective accounts.

Refunded amount for IRPF Updated at Selic rate, accrued from the month following the permit deadline until the month preceding the payment, plus 1% in the month of the deposit. Once sent to the bank, the refund amount is not updated, regardless of the date the taxpayer receives the refund.

Taxpayer who checks the status of his refund in Da RFB site, And verification, within one year of making the refund available on the banking network, any difference related to the bank, branch or account that has been notified of the payment of the refunds must be informed of the new bank details at The Banco do Brasil website.

There is also an option for the taxpayer to contact the Banco do Brasil Service Center by calling 4004-0001 (capitals), 0800-729-0001 (other locations) and 0800-729-0088 (special phone exclusively for the disabled) auditing) or correcting information and requesting credit rescheduling In person at any Banco do Brasil branch.

After a period of one year for recovery in the banking network, the refunded amount is returned to the revenue service and can be requested through the electronic form “Request for payment of refunds” on Recovery Advice Page Or in E-cac recipe, In Refund & Compensation Service, Individual Income Tax Refund Clause – IRPF, My Income Tax Option (extracted from DIRPF).

Online form, the application can be submitted through Request a refund or reimbursement.

The request to pay the refund may be formalized within a period of five years, starting from the date on which the tax to be refunded is available by the bank.

This year, the first payment of income tax refund will be made on May 31. This will be the largest revenue payment ever, with a total of 3,446,038 “taxpayers” and a value of “R $ 6 billion”. The consultations will open from Monday (24) at 10 AM.