At the beginning of every year, a significant portion of the Brazilian population needs to report their income to the Federal Revenue Service, including expenses and gains recorded over the past year.

And with the arrival of 2023, concerns are beginning to arise regarding Income Tax 2023 – base year 2022. Especially because anyone who does not comply with this legal obligation may have to pay a fine of 1% per month of tax due, with a minimum amount of R$ 165.74.

Furthermore, failing to send and pay the IRPF implies a restriction on the taxpayer's CPF. And there may even be discounts on your bank account. So, it's best not to miss the date. And below we will bring you all the information about it.

The federal government announced this Tuesday, February 14th, that the period for submitting the declaration in 2023 will be from March 15th to May 31st, 2023.

This year, there was a small change in the period. Normally it started on the first business day of March and continued until the end of April, with the possibility of being extended or not by the Federal Revenue Service.

But according to the government, the change aims to allow all taxpayers to take advantage of the pre-filled declaration from the beginning of the delivery period.

In general, this extension, when it happened, was until the end of May. Now, in 2023, the period will be a little longer. Taxpayers will have 2 and a half months, around 75 days, to organize their documents.

There are two types of declaration: that of an Individual and that of a Legal Entity. In the case of those who are PJ, everyone needs to make their declarations. In the case of Individuals, however, there is a specific group.

For IRPF, it is necessary to declare all those who in 2022 obtained income of up to R$ 28,559.70 (in the year), or earned more than R$ 40 thousand in exempt, non-taxable or taxed at source income.

The IR 2023 table and rates have not changed in relation to 2022. In fact, the last time the table was corrected was in 2015, since then there have been no updates.

This way, the exempt group does not change much. What changes, however, is that with the inflation recorded in recent years, the gap has already accumulated an increase of 134%.

As a result, Brazilians are paying much more income tax, considering this inflation and their earnings and expenses, than they were a few years ago. Data from the National Association of Tax Auditors of the Federal Revenue (Unifisco) indicate that losses were R$ 149 billion last year.

Since then, inflation has once again been at 5.79% and the minimum wage in 2023 has risen to R$ 1,320. However, the range of those who need to declare income tax because they are exempt does not change. Therefore, it can be predicted that the loss will be even greater this year.

The expectation for a reform in this area was already throughout 2022, but it ended up not happening. During the election campaign, President Luiz Inácio Lula da Silva promised that in his government he will increase the IR exemption range to R$ 5 thousand per month.

While this doesn't happen, check out the IR 2023 table and rates below:

Like every tax, there is an exception for taxpayers and in the case of IR 2023 it is no different. In addition to those who do not meet the requirement to declare income tax due to income, there are some illnesses that also exempt the taxpayer. Are they:

Every year the declaration is made through a program made available by the Federal Revenue Service close to the start date of the declarations. The program can be downloaded from the Federal Revenue website.

See the IR declaration step by step:

The Income Tax declaration can be made in three ways:

When selecting the option, a new window will open and then:

Another possibility, made available in 2022, is to file an income tax declaration using the application also made available by the Federal Revenue Service. Similar to the computer program, the app can be installed on your smartphone, making it easier to do what you need.

With information from Find Competitions.

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