Deadline to take advantage of PGBL tax benefit in IR Statement is approaching

The PGBL pension plan (Free Generating Benefit Plan), which allows reduce in up to 12% from annual gross revenue in Income Tax (IR), is recommended for those who make the Statement of Annual Income Tax Adjustment (DAA) in the complete model.

13/12/2018

HIGHLIGHTS

Deadline to take advantage of PGBL tax benefit in IR Statement is approaching


The PGBL pension plan (Free Generating Benefit Plan), which allows reduce in up to 12% from annual gross revenue in Income Tax (IR), is recommended for those who make the Statement of Annual Income Tax Adjustment (DAA) in the complete model.

However, there are conditions to enjoy this tax benefit:

    a) Those who intend to hire this private pension or to contribute must act until the Dec-28-2018 that is the last banking day of the year. Otherwise, they will not receive the benefit in their next income tax return for calendar year 2018.

    b) In addition, the taxpayer must also contribute to the INSS or the public servants regime. In addition, if the plan is in behalf of the dependents over the age of 16, they should be social security’s taxpayers.

Since PGBL plans are indicated for taxpayers using the full IR model, DPC suggests contracting VGBL (Free Benefit Generating Life) plans to taxpayers who present the DAA in the simplified model, and want to invest in plans of private pension.

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<h1>Deadline to take advantage of PGBL tax benefit in IR Statement is approaching</h1>
<br />

<p>The <b>PGBL pension plan</b> (Free Generating Benefit Plan), which allows reduce in up to 12% from annual gross revenue in Income Tax (IR), is recommended for those who make the Statement of Annual Income Tax Adjustment (DAA) in the complete model.</p>

<p>However, there are conditions to enjoy this tax benefit:</p>

<p>a) Those who intend to <b>hire this private pension or to contribute must act until the Dec-28-2018 </b>that is the last banking day of the year. Otherwise, they will not receive the benefit in their next income tax return for calendar year 2018.</p>

<p>b) In addition, the taxpayer <b>must also contribute to the INSS or the public servants regime</b>. In addition, if the plan is in behalf of the dependents over the age of 16, they should be social security’s taxpayers.</p>

<p>Since PGBL plans are indicated for taxpayers using the full IR model, DPC suggests contracting VGBL (Free Benefit Generating Life) plans to taxpayers who present the DAA in the simplified model, and want to invest in plans of private pension.</p>

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