THE Income Tax is a tax collected by the government on the earnings of individuals and legal entities. It is one of the main sources of revenue for the State, being essential to the financing of public services such as health, education and infrastructure.
How does Income Tax (IR) work?
THE declaration is annual and everyone must report their income to the Federal Revenue Service.
It's a tax progressive, that is, the higher the income, the higher the percentage applied.
He levied on income such as wages and rent.
Who must file an income tax return in 2025?
AND mandatory for taxpayers what fit into some specific scenarios, such as:
- Who carried out operations on stock exchanges;
- Taxable income above R$ 33,888.00 in 2024;
- Exempt or taxed income exceeding R$1,000,004;
- Rural activity that had gross revenue exceeding R$153,199.50;
How to file an Income Tax Return?
Step 1: Check if you meet the criteria to declare.
Step 2: Gather your documents (income statement, receipts, proof of purchase).
Step 3: Download the Federal Revenue program from the official website.
Step 4: Complete the declaration. After submitting, save the receipt and, if there is tax to pay, choose between paying in full or in installments (bank slip or debit).
Step 5: Track the status of your declaration via the Federal Revenue Service website or app.
What is the deadline for filing your income tax return?
THE declaration with errors or omissions may lead to fine mesh, demanding rectification and payment of fines.
This year, the deadline is May 30th.
Whoever misses the deadline will be subject to minimum fine of R$ 165.74, which may reach 20% of the tax due.
What's new in the 2025 income tax return?
Now it is mandatory to declare transactions via Pix and credit card, regardless of the value, to increase the Revenue's control over financial transactions.
THE new exemption bracket considers exempt those with a monthly income of up to R$ 2,259.20. Those who receive up to R$ 2,824.00 can remain exempt if you choose to simplified discount of R$ 564.80.
Source: Exame and Bora Investir and Images: Google Search
