IRS releases Income Tax Program for Individuals 2018

The deadline for submission of the declaration begins on June 1 and runs through 30 of April.
26/02/2018 14h18 - Updated 27/02/2018 17h04
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Kelly Oliveira – Agency Brazil

The statement of filling program of Income Tax of Individuals of 2018, base year 2017, will be available on Monday (26), a partir das 8h, no IRS website. The deadline for submission of the declaration begins on June 1 and runs through 30 of April.

He is obliged to declare who received taxable income, in 2017, in amounts exceeding R $ 28.559,70. In the case of rural activities, must declare who had gross revenues above R $ 142.798,50. The IRS expects to receive, this year, 28,8 million statements of Income Tax of Individuals (IRPF), 300 thousand more than in 2017 (28,5 millions).

The declaration may be filled by the downloaded program on your computer or application My Income Tax for tablets and mobile. Through the application, You can still make corrections after the declaration submission.

Another option is through access to the service My Income Tax, available on the Virtual Service Center (e-CAC), Revenue in the site, using digital certificate.

They are also required to declare individuals: residents of Brazil who received exempt income, not taxed or taxed exclusively at source, whose sum is greater than R $ 40 one thousand; who obtained, in any month, capital gain on sale of assets and rights, subject to the tax or who performed operations on stock exchanges; which are intended to offset losses in the agricultural activities; that have, in 31 December 2017, possession or ownership of assets and rights, including bare ground, total value above R $ 300 one thousand; who have gone to the condition of residents in Brazil in any month and so were in 31 from December; or who opted for exemption from IR payable on the capital gain from the sale of residential property to purchase another property in the country , within 180 days of the sales contract.

Penalty for delay
The fine for those who submit the declaration after the deadline is 1% per month of delay on the tax due, with minimum amount of R $ 165,74 and maximum 20%.

Deductions for dependents are limited to R $ 2.275,08. Expenditure on education have annual individual limit of R $ 3.561,50. The deduction of expenses maids is $ 1.171,84.

New in this year
The system of the initial panel will have information of the chips that may be more relevant to the taxpayer while filling the statement.

In this year, presentation is required for CPF dependent from 8 years, completed until 31 December 2017.

In the declaration of assets, fields will be included for further information, as numbers and records, location and number of the National Vehicle Register (Renavam).

Also included will be information on the effective tax rate used to calculate the calculation of tax.

Another change is the ability to print the Federal Revenue Collection Document (May) for payment of all shares of the tax, including those that are in arrears.

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