ReVar: Understand What It Is and Who Can Use the Tool

ReVar Assists Investors in Calculating Income Tax

The Federal Revenue Service and B3, Brazil's stock exchange, announced the launch of the ReVar calculator, a free tool that adds accuracy to individual taxpayers' tax calculation processes. The system has been available in the Investor Area of B3 since December 18, 2024.
Next, understand better what ReVar is, how this tool can be used by investors, and other important points. 

What is ReVar?

It is a calculator designed for individual investors that simplifies the calculation and payment of taxes on transactions carried out on stock exchanges, commodity exchanges, futures markets, and similar platforms in Brazil, as well as on future-settlement transactions conducted outside exchanges.
The system imports transaction data directly from B3, based on information provided by brokerages, enabling it to determine net gains or losses and, if applicable, calculate the tax owed and generate a DARF (Federal Tax Collection Document) for payment.

In which operations can ReVar be used?

In this first version, ReVar can be used for operations involving:

• shares;
• securities deposit certificates (Brazilian Depositary Receipts - BDR);
• share deposit certificates (Units);
• subscription bonuses, rights, and receipts;
• quotas of equity index funds traded on stock exchanges or organized over-the-counter markets (Exchange Traded Funds - ETF);
• quotas of Real Estate Investment Funds - FII;
• quotas of Equity Investment Funds - FIA;
• quotas of Private Equity Investment Funds - FIP and Investment Funds in Private Equity Fund Quotas - FIF FIP;
• quotas of Emerging Companies Investment Funds - FIEE;
• quotas of Infrastructure Equity Investment Funds - FIP-IE and Equity Investment Funds in Research, Development, and Innovation Intensive Economic Production - FIP-PD&I; and
• quotas of Agroindustrial Chain Investment Funds - Fiagro.

Who can use the tool?

ReVar can be used by individual investors who authorize B3 to share their data with the Federal Revenue Service and who have performed only cash market operations, excluding gold as a financial asset and operations involving asset rentals.

Is ReVar mandatory?

No. The use of the program is optional, even after authorization.

ReVar: Analyzing the tool

This tool offers greater security in calculating taxes on different portfolio operations and represents an important step toward compliance with the Federal Revenue Service.

Without the calculator, the management of gains and losses, withheld income tax, owed income tax, and other calculations were handled by the investor, commonly using spreadsheets for this purpose. However, the risk of errors was a constant concern for those managing it independently.

Today, despite the conveniences, it is important to consider the limited scope of ReVar, as it initially covers only cash market operations. Thus, investors with other types of operations are not yet fully served by the tool.

Another noteworthy aspect is that the calculator has no retroactive effect and only applies to calculations from the date the taxpayer allows data sharing.

ReVar is a useful auxiliary resource but does not replace tax guidance, especially for individuals with more complex tax situations. Comprehensive support remains essential to ensure compliance with legislation and take advantage of tax planning opportunities.

Support for Individuals

Domingues e Pinho Contadores has an up-to-date team to provide its clients with specialized guidance that ensures tax efficiency. Rely on this support: dpc@dpc.com.br.