05/26/2024 – 15:00
One week before the deadline for submitting Income Tax 2024, individual microentrepreneurs (MEIs) need to pay attention. Anyone who is a MEI may have to submit two separate declarations to the Federal Revenue Service.
There are two types of declaration for those who are MEI. The first is the Simplified Annual Declaration (DASN-SIMEI), which is mandatory and corresponds to the legal entity. It can be transmitted via MEI APP or by Simples Nacional Portal. In this case, all professionals who worked as MEI during the year 2023 need to declare, regardless of the amount of income or whether the person dropped the MEI during that year.
+ MEI annual declaration: what to do if my revenue exceeds R$81 thousand?
+ IR 2024: who is exempt and does not need to make a declaration
Taxpayers who do not submit the DASN-SIMEI within the deadline will need to pay a fine of 2% per month, limited to 20% of the total amount of taxes declared. The minimum value is R$50.
The declaration of Income Tax for individuals will depend on the criteria established by the federal government. For example, you are required to submit a tax return if you received taxable income of at least R$30,639.90 last year or received exempt, non-taxable or taxed income exclusively at source that amounts to more than R$200,000.
See other criteria that also make the IR declaration mandatory:
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Anyone who obtained, in any month, a capital gain on the sale of assets or rights subject to Tax; carried out sales transactions on the stock, commodity, futures and similar exchanges: a) the sum of which was greater than R$40 thousand; or b) with calculation of net gains subject to tax; regarding rural activity: a) obtained gross revenue in excess of R$ 153,199.50; or b) intends to offset, in the calendar year 2022 or later, losses from previous calendar years or the calendar year 2022 itself;
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Whoever had, on December 31st, possession or ownership of goods or rights, including bare land, with a total value of more than R$800 thousand;
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Anyone who became a resident in Brazil in any month and was in this condition on December 31st;
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Whoever opted for exemption from Income Tax levied on capital gains obtained from the sale of residential properties, if the proceeds from the sale are applied to the acquisition of residential properties located in the country, within 180 days, counted from the execution of the contract of sale, in accordance with art. 39 of Law No. 11,196, of November 21, 2005;
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Due to Law 14,754/2023, the so-called Offshores Law, a declaration regarding assets and rights abroad is also mandatory for those who choose to detail the assets of the controlled entity as if they belonged to an individual; have a trust abroad or wish to update assets abroad.
The declaration program is available for download on the Federal Revenue website. The taxpayer can also do so via the IRS website or through the My Income Tax app.
It is also important to remember that there is a fine for late deliveries. The minimum value is R$165.74. The fine is 1% per month on the tax due, also with a limit of 20% of the total amount. The notification and assessment of the fine are made available as soon as the taxpayer submits the late declaration.
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