On Thursday, the 23rd, the Federal Revenue Service (RF) announced that by 13 pm a total of 30.057.783 Income Tax (IR) 2024 declarations had been submitted by taxpayers. The final deadline for submission is May 31st. The Revenue Service's goal is to receive around 43 million declarations by the end of the deadline.
“A tip to reduce the risk of errors is to use the pre-filled declaration. Even so, all information must be checked and validated by the taxpayer before sending the declaration to the Federal Revenue Service”, says the advisory.
According to the IRS, after the May 31 deadline, taxpayers who file their tax return will have to pay a fine. “The deadline for filing the 2024 Income Tax return ends on May 31. A fine will be charged to anyone who is required to file the return and does not do so by the deadline. The fine charged is 1% per month on the amount of Income Tax due, capped at 20% of the Income Tax amount. The minimum fine is R$165,74,” it adds.
Rio Grande do Sul
“The deadline for submitting Income Tax returns for municipalities affected by floods in Rio Grande do Sul has been extended to August 31,” reports the Federal Revenue Service.
Income Tax Refund
On Thursday, the 23rd, the largest batch of 2024 IRPF refunds also became available for consultation. “5.562.065 taxpayers, including priority and non-priority taxpayers, will be covered by a total credit of R$9,5 billion. This is the largest amount ever paid by the Federal Revenue Service in a batch of IRPF refunds. The batch also includes residual refunds from previous years. Due to the state of emergency declared in Rio Grande do Sul (RS), priority was given to taxpayers domiciled in the state. In RS, 886.260 declarations will be refunded, including previous years, totaling more than R$1 billion”, he adds.
“Bank credit for eligible taxpayers will be made available throughout May 31. Of the R$9,5 billion, R$8.857.175.779,78 billion refers to priority taxpayers,” reports the Federal Revenue Service. Priority taxpayers include seniors over 80 years old, taxpayers between 60 and 79 years old, taxpayers with some physical or mental disability or serious illness, taxpayers whose main source of income is teaching, and taxpayers who received priority for using the Pre-filled Declaration or choosing to receive the refund via PIX.
According to the IRS, to check whether the refund is available, the taxpayer must access the IRS website (www.gov.br/receitafederal), click on “My Income Tax” and then on “Check Refund”.
With information from the Federal Revenue Service
