Will anyone earning up to R$5,000 be required to declare an IRPF in 2023?

The tax authority Recently reported that there are record data before Income tax🇧🇷 According to agency data, 36 million IRPF declarations have been sent.

In principle, the income tax exemption limit is currently R$ 1903.98. In this way, citizens who receive up to this amount are under no obligation to declare federal revenue tax.

However, experts say the amount that will be exempt has not been updated since 2015. For this reason, a proposal to increase the limit has been created.

It is important to note that the President-elect, Lula da Silva, during his campaign supported the need to readjust the tax schedule. Also, in recent discussions, the future president highlighted his government’s proposal to increase the tax exemption limit for Brazilians with incomes of up to R$5,000.

The effect of increasing the exemption amount

At the outset, it is important to point out that to enable the increase in the value of the IRPF exemption, a large swathe of the federal government budget is necessary. According to experts, this change in 2023 would have spent R$180 billion on public accounts.

Experts report that exemption of up to R$5,000 is possible. However, although it was advocated by the future president, this should not be a priority for the new government, as the greatest concern should be the preservation of the R$600 of the Auxílio Brasil or, in the successor, the Bolsa Família.

Cases in which an exemption from income tax can be obtained

Many citizens are ignorant, but there are some cases that exclude the need for a declaration Income tax. According to official information, criteria such as illness and advanced age may cancel the declaration obligation.

The tax legislation lists some diseases that exempt citizens from income tax. However, it is necessary to prove the health status through medical examinations and reports.

The request can be submitted through the website or service channels of INSS (National Institute of Social Security).

Sick leave

The presence of a serious illness is the main reason for exemption from income tax for a citizen. See below the list of diseases for which a discount is allowed IRPF🇧🇷

• AIDS / HIV;
• mental alienation
• blindness.
• severe heart disease.
• Radioactive pollution
• Ankylosing spondylitis.
• Parkinson’s disease;
• Paget’s disease
• multiple sclerosis;
• cystic fibrosis;
• severe liver disease;
• leprosy;
• severe tumor
• severe nephropathy;
• irreversible disability or paralysis;
• Thalidomide syndrome
• active tuberculosis.

Age exemption

according to INSSRetirees and retirees over the age of 65 can receive a tax exemption, which is analyzed according to the income of each insured person.

The exemption request can also be submitted through the INSS service channels, either by phone, website or app.

In this sense, it should be noted that the application must be sent with documents, such as CPF and RG, and in cases of illness, examinations and medical reports.

Who should declare 2022 income tax?

First, given that the deadline for submitting the statement is May 31, see who should be responsible:

• Have a taxable income of more than R$28,559.70 in 2021. The amount is the same as last year’s IR statement. a Band aid It is also considered taxable income;
• Taxpayers who received exempt, non-taxable or taxable income exclusively from source, the amount of which was greater than R$40,000 last year;
• any person who, in any month of 2021, obtained capital gains from the sale of taxable assets or rights, or carried out operations on stock exchanges, commodities, futures and the like;
• In addition, who had, in 2021, gross revenues of more than R$ 142,798.50 in rural activity;
• who had, as of December 31, 2021, possession or ownership of goods or rights, including vacant land, with a total value of more than R$300,000;
• who became a resident of Brazil in any month and remained in that status until December 31, 2021;
• Finally, those who are exempt from capital gains tax on the sale of residential property, followed by the acquisition of another residential property within 180 days.