IRPF 2019: Time to start organizing

The deadline to file the 2019 Individual’s Income Tax Return has not been established, but, as in all years, the Federal Revenue of Brazil (RFB) must open the period to receive the statements on March 1, ending on April 30. From this year, the CPF of dependents must be informed in the declaration.

09/01/2019

HIGHLIGHTS

IRPF 2019: Time to start organizing


From this year, the CPF of dependents must be informed in the declaration


The deadline to file the 2019 Individual’s Income Tax Return has not been established, but, as in all years, the Federal Revenue of Brazil (RFB) must open the period to receive the statements on March 1, ending on April 30.

The taxpayers should organize themselves from now, gathering the vouchers of each turnover to be reported. This first step is critical to an accurate and organized statement, thus minimizing the risk of falling into the fine mesh.


PROOF FOR INCOME TAX RETURN


Firstly, it is important to remember that the tax authorities have five (5) years to inspect the IRPF taxpayers. Thus, all the documents used in the preparation of the income statements must be kept in good condition during such period.

For this year, an important point is that all dependents must have been enrolled in CPF to be included in the statement. Therefore, it is necessary to be organized in advance. In addition, it is at this gathering moment that many questions arise, such as the documents that should be presented.

Find the following list with tips on some documents that should be reported to the Federal Revenue:


CPF OF DEPENDENT


This year, it is mandatory to inform the CPF of all dependents. If the dependent does not have the document, he or she must provide it in a timely manner to include in the statement.

According to the RFB website, the CPF can be issued online for people aged from 16 to 25, who hold a regular evidence of voters.

In other cases, it is necessary to go to a Federal Revenue unit or to a contracted entity (Banco do Brasil, Caixa Econômica Federal, or Correios).


INCOME REPORT: THE BASE OF INCOME TAX STATEMEND


Income reports are of the utmost importance, since they prove the origin of the incomes earned during the year, in addition to representing what the paying sources reported, as payments made to each taxpayer, to the Federal Revenue. This document should be provided by each paying source, for example, employers, banks, brokerage houses and Social Security, and serves to prove tax withholding.

Contact your paying sources and request the report if you have not already received it.


ASSETS


All assets must be reported to Income Tax. In case of real estate, it is mandatory to inform the acquisition date, total area, General Registry of Property (RGI) or some document proving the possession, full address, and registration of IPTU.

In case of vehicles, it is worth remembering that the amount paid at the purchase does not change over the years and the change of this value is only justified in case of improvements in the asset, such as the shielding installation.

However, if there is a purchase or sale of real estate, vehicles and other goods, taxpayers must inform the full name of the buyer or seller, address and CPF or CNPJ and proof of purchase or sale.


EDUCATION RECEIPTS


Provide proof of regular school, technical courses, college, master's, doctorate, post-graduate so they can be discounted within the limit established by law. Language courses and extracurricular activities such as music lessons, for example, are nondeductible for IR purposes.


HEALTH RECEIPTS


Gather all proofs and invoices for health assistance payment and medical consultations, as well as hospitalizations and examinations performed by the holder and the dependents. Remember that fully refunded expenses cannot be deducted from your IR.


OTHER PROOFS/DOCUMENTS


    • Alimony

    • Proof of rent (payments or income)

    • Inheritance received in the reported period

    • Donations made or received

    • eSocial of domestic servants

    • Loans and financing

    • Purchase and/or sale of shares


DIGITAL CERTIFICATE


In addition to providing security in sending the data, the digital certificate facilitates the verification and correction of information and the follow-up of the statement. Taxpayers who already hold a certificate must check the expiration date and, if necessary, provide its renewal. Taxpayers who hold the digital certificate may also use the IR statement already pre-filled by the RFB.

The expectation is that the RFB discloses the Normative Instruction on the rules, deadlines, and conditions to file the Income Tax Declaration on next month.


COUNT ON GOOD PROFESSIONALS

Domingues e Pinho has a specialized team to meet the individual’s obligations, analyzing each case in a personalized way.

Our professionals advise from the preparation of the Income Tax Return, with guidelines and clarifications of doubts, issuance of digital certificates, to the effective fulfillment of the report.

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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