Important notice for Brazilians whose income is more than R$1,903.99

can declare Income tax late? At first, when He goes Not declared, CPF will be included in case of violation. And this will greatly limit the lives of taxpayers. Therefore, Brazilians who earn more than R$ 1903.99 should pay attention.

So some taxpayers often wonder what happens when they file Income tax not declared. Moreover, when they find themselves in an irregular situation, the question arises: can they declare He goes late?

Yes, read more: Deadline to file 2023 income tax return leaves taxpayers scratching their heads

Can you or can’t you declare income tax after the deadline?

The answer to that is yes. And the regulation process is relatively simple. It is necessary to carry out this measure, mainly to avoid problems with agencies, the Federal Police and financial institutions.

It is important to note that the regulation standards Income tax Annually variable. However, these standards have not been updated at this time, even as they attempt to be approved tax reform.

Who needs to declare income tax?

Below, check out the properties of taxpayers who need a declaration Income tax the tax authority:

• who had a taxable income above R$28,559.70 in 2022;
• Those who received exempt, non-taxable or taxable income, exclusively from source, whose total amount was greater than R$40,000;
• Those who have earned an annual gross income in excess of the R$142,798.50 limit generated by rural activity;
• Who owned or possessed, on December 31, 2022, assets or rights, including bare land, with a total value of more than R$300,000;
• who obtained capital gains from the sale of taxable goods or rights;
• who has conducted operations on stock exchanges, commodities, futures and the like;
• Those who have opted to be exempt from tax on capital gains gained from the sale of residential real estate;
• who became a resident of Brazil, in any month, and had that status on December 31, 2022.

How is the fine calculated?

The fine amount is calculated as follows: In the absence of tax due, the fine will be R$165.74. This happens when there is no income related to the declaration.

However, taxpayers who owe B Income taxThe fine is 1% per month. It is important to note that this rate is limited to 20%. Another aspect to consider is Selic, which varies by year.

If you want to check the amount of tax due, the taxpayer must check the sheet in the “Calculate Tax” form located in the “Total Tax Due” field. This can be checked when filling out the declaration.

How to file income tax late?

Settlement Income tax It can be done online. In this case, you just need to download the generation program, taking into account the corresponding year.

It is important to evaluate all the acknowledgment rules, as well as fill out the form for it. Above the deadline, it is possible to find information regarding settlement Income tax, which should be done according to the instructions. Just go to the specified location, by appointment.

The same rules apply to those who want to hand over the statements with some discrepancy. If there is any tax due at the end of the settlement, it will be calculated, as well as the application of fines and the return of the cash statement.

It is up to the taxpayer to settle the amount related to the settlement. In addition, if there is any amount owed from recent years, it is necessary to settle it.

What happens if you do not pay income tax?

when it is valuable Income tax It is not paid, it means that the taxpayer withholds. In some cases, it is up to applying fines and other penalties, as well as going through an administrative process to verify the cause of the situation.