11/10/2024 – 6:30
The reporting period with the Federal Revenue is always a stressful season for most Brazilians who declare their income, but in 2024, the insertion of new rules and changes in the calculation basis seem to have whetted the Lion’s appetite.
+ IR 2024: How to know if I fell into the fine mesh and what to do to get out
This year, in the declaration referring to 2023, 1.4 million people fell into the fine mesh, 40% more than mentioned in the previous year. The main reasons? Confusion in the Pix declaration, omission of investments in variable income, deduction of services and declaration of assets abroad.
For those who navigate the seas of investments, the complications with the tax authorities mainly involve two fronts:
● exclusive funds
● and offshores.
Law 14,754/2023, which anticipated the collection of Income Tax on exclusive funds and taxed offshores (companies abroad that house investments) determined that investors who wanted to regularize the situation in Brazil would have discounts on the tax incidence, however, Confusion with deadlines increased the number of cases of mismatched information between the taxpayer and the lion by 17%.
In the case of exclusive funds, heavily criticized by large investors who used this hitherto exempt investment model, the problem occurred in the volume of tax collection, and not in the lack of declaration. “In other words, there was a strong movement of people with the intention of regularizing the situation, but with no knowledge of the new rules”, said tax lawyer Bruno Veloso, founder of tax consultancy BVL.
According to him, the demand from Brazilians living abroad for consultancy services has doubled, and the fear is that the effects of the new rules will also impact the income tax of their legal entities. “The government already expected some level of disagreement. The advantage is that there is still time to resolve it,” he said.
On Wednesday, the 2nd, the revenue began to release explanation letters to taxpayers who fell through the cracks, with viable solutions to avoid increasing the fine, which can reach 75% of the amount owed, if neglected.
From a taxpayer’s perspective, a complaint that first appeared in 2024 was those related to pre-filled information, especially those involving air travel and cryptoassets. Also making its debut in this year’s declaration, the problems related to the declaration of amounts received via Pix were due to a regulation implemented this year by the government. In transactions carried out using this method of receipt, when dealing with resources that constitute financial remuneration (not a donation or gift), the amounts must be declared.
The changes in the progress of income tax, both personal and legal, come in line with the government’s interests in “improving the alignment between the declared and the real”, said the special secretary of the Federal Revenue, Robinson Barreirinhas.
According to him, the changes were presented and explained to the public and, in the event of any doubts or confusion, the Tax Authorities are prepared to assist.
“We are moving towards the best practices in the world. The use of intelligence and data when crossing data by CPF not only makes filling out easier, it also provides more security for the parties”, he said.
Oversight
Regarding the increase in the number of statements that fell through the cracks, he explains that it is part of the game and a reflection of the improvement in the Brazilian economy. Between March and September 22 of this year, the Federal Revenue Service received 45,481,689 Personal Income Tax (IRPF) 2024 declarations. “Of this total, only 3.2% had problems,” he stated.
Of the withheld declarations, 71% (or 1,047,503) correspond to taxpayers who are entitled to a tax refund. In 27% of cases (394,679 declarations), taxpayers have Income Tax to pay, and in 2% (32,345 declarations), there are no amounts to pay or refund. Among the ten tax regions of the Federal Revenue, the 8th region, which exclusively covers the state of São Paulo, recorded the highest number of withheld declarations, totaling 454 thousand.
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