Federal Revenue discloses rules to report the 2021 DIRPF

The reporting period will start on March 1 and it ends on April 30, 2021

HIGHLIGHTS

Federal Revenue discloses rules to report the 2021 DIRPF


The reporting period will start on March 1 and it ends on April 30, 2021


The Federal Revenue has released the set of rules for reporting the Individual's Income Tax (Declaração do Imposto de Renda da Pessoa Física - “2021 DIRPF”). The RFB Normative Instruction 2010/2020, published on February 25, listed the rules and procedures to comply with this obligation. Check out the main information:




Deadline


The reporting period will start at 8:00:00 a.m. on March 1st and will end at 11:59:59 p.m., Brasília time, on April 30, 2021.

Failure to file the Report within the deadline will result in penalty charge.


Compulsory reporting


The individual taxpayer resident in Brazil must report the statement if:


  • Received, in the calendar year 2020, taxable income subject to be reported greater than BRL 28,559.70.
  • Concerning the rural activity:
    • a) earned a gross revenue greater than BRL 142,798.50; or

      b) intends to offset, in calendar year 2020 or later, losses from previous calendar years or the calendar year 2020 itself.

  • Received exempt, non-taxable or exclusively taxed income, whose sum was greater than BRL 40 thousand.
  • Had, in any month, a capital gain on the sale of assets or rights, subject to tax, or carried out transactions on stock exchanges, commodities, futures and the like.
  • Had, on December 31, possession or ownership of goods or rights, including bare land, with a total value greater than BRL 300 thousand.
  • Opted for the exemption from Income Tax on the capital gain earned on the sale of real estate, if the proceeds of the sale are applied to the acquisition of residential properties located in Brazil, within 180 days, counted from the conclusion of the sale, pursuant to Article 39 of the Law 11196/2005; or
  • Received emergency assistance to confront the public health emergency of international concern arising from the disease caused by the coronavirus identified in 2019 (Covid-19), in any amount, and other taxable income in an annual amount of BRL 22,847.76.
  • Became a resident in Brazil in any month and remained in that condition on December 31.

DIRPF 2021 Generator Program


The “Programa Gerador da DIRPF2021” is available for download as of 8:00:00 a.m. on February 25, 2021, as well as the “Meu Imposto de Renda” application.


Return schedule


The return payment schedule is divided into five lots:


  • 1st lot: May 31, 2021
  • 2nd lot: June 30, 2021
  • 3th lot: August 31, 2021
  • 4th lot: August 31, 2021
  • 5th lot: September 30, 2021

  • As in previous years, the returns will be prioritized according to the date of reporting the DIRPF, respecting categories of taxpayers with legal priority in receiving the refund (special priority for those above 80 years-old, priority for those aged 60 years-old or above, disabled) or serious illness and taxpayers whose main source of income is teaching).


    What's new in this edition


    Cryptocurrencies

    In the Goods and Rights form, three types of cryptocurrency information were created:

    • 81 - Cryptocurrency Bitcoin – BTC;
    • 82 - Other cryptocurrencies, of the digital currency type (altcoins como Ether, XRP, Bitcoin Cash, Tether, Chainlink, Litecoin...);
    • 89 – Other cryptocurrencies (payment tokens).

    Return to payment accounts

    For statements with “Imposto a Restituir” (Tax to Return), it is now possible to select "Contas Pagamento" (from Fintechs, for example) for refund credit.


    Oversharing

    Now, it is possible to send the Oversharing information without having to correct the “Declaração Final de Espólio” (Final Declaration of Estate) already sent. To do this, in the collection form, it is necessary to check the "Sobrepartilha" (oversharing) option.


    E-mail and Mobile

    The Federal Revenue may use the e-mail address and mobile number provided on the identification form to inform the existence of important messages in your MailBox.

    However, the taxpayer must be aware: the agency does not use this route to request tax, banking and registration information.


    Pre-filled Statement

    The pre-filled statement will be available to taxpayers with access to the e-CAC Portal, through access code and password and not only to those who have a Digital Certificate.


    Pre-filled statement of dependents

    When starting a statement with pre-filled data, it is possible to obtain the income information the dependents received, as long as the taxpayer has a proxy for the dependent registered on the e-CAC portal.


    Exemption for individuals over 65 year-old

    When the retirement, reserve, reform, or pension income from taxpayers over 65 years-old is reported on the “Rendimentos Isentos e Não Tributáveis” (Exempt and Non-Taxable Income) form, the exempt portion will be calculated and the surplus will be automatically transferred to the Taxable Income from Legal Entities form.


    New Caixa Econômica account

    Caixa Econômica Federal currently has two valid current account number formats. Both can be informed to register the bank information to debit the payment of the income tax shares or credit of the refund.


    Taxation of Emergency Assistance

    The amounts received as Emergency Assistance and Residual Emergency Assistance are considered taxable income and must be reported as such in the “Rendimentos Recebidos de Pessoa Jurídica” (Income Received from Legal Entities) form.


    Return of Emergency Assistance

    In this year, taxpayers who received emergency assistance due to the Covid-19 pandemic are required to report the DIRPF, if they have received, together with the assistance, other taxable income in an annual value greater than BRL 22,847.76. In this situation, the taxpayer must return the amount of the emergency assistance.


    Specialized support for reporting the statement


    The Individual's dedicated area at Domingues e Pinho Contadores provide service to taxpayers personalized, agile and secrecy, employing best practices to comply with this tax obligation, covering complex cases and special situations. Count on the DPC team to prepare and file the 2021 DIRPF. Talk to our experts at: dpc@dpc.com.br.

    How DPC may help your company?

    Domingues e Pinho Contadores has specialized team ready to assist your company.
    Contact us by the e-mail dpc@dpc.com.br

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