May 28, 2023

Find out what could make you fall into the fine net of income tax

Many Brazilians fear getting caught in the delicate web of income tax. After all, this can have several consequences for a person’s life. The truth is, most taxpayers end up with pending cases due to small mistakes, which can be avoided during an income tax return.

It is worth noting that there is always a way to correct outstanding issues with Federal Revenue. That is, if someone falls into the fine net of income tax, they can correct their error with a correction statement. It is important to pay attention to all deadlines for sending the return so that the taxpayer does not receive fines.

Continue reading this article to discover the worst mistakes when filing for IRPF.

Brazilians fear getting caught in the delicate web of income tax – Credit: jeanedeoliveirafotografia /

to caution! These things can make you fall into the fine net of income tax

First of all, it is important to explain what the fine grid of income tax is. As I said before, this happens when a taxpayer has some outstanding hold on federal revenue. That is, through an error when sending an IRPF statement. Small details often cause the taxpayer to remain in an unlawful situation.

First, it is important to clarify which expenses are taxable. In addition to salaries, Social Security benefits, rent, and money that came from financial investments must be declared to the Federal Revenue Service. Thus, Brazilians who have received up to R$28,559.70 per year must file a declaration with the Federal Revenue.

Another important point about discounts. It is possible to recover money from the IR if the person proves their spending on health and education. However, there are rules that must be followed. Federal revenue assesses whether stated information is correct by traversing data between companies and public agencies, among other banks of information.

In the case of education expenses, for example, Brazilians can enter their own expenses, as well as expenses with dependents. What you can reduce are expenses with school, college, postage, among others. However, expenses for private courses or language courses are not included in the list.

Getting into the income tax fine net means paying fines, which are calculated according to when the taxpayer has outstanding debts. Furthermore, it is no longer on the priority list for receiving an IR refund.

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Learn how to submit an amended statement

Given this, there is a way to edit the information, and send the correct document. To do this, simply submit the Income Tax Correction Statement that is available in the Federal Revenue Program. Those caught in the fine net of income tax should do the procedure as soon as possible. This way, you avoid incurring fines and can be a priority in compensation.

To do this, simply access the Federal Revenue website, through this link:

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