Clipping of news on Brazilian Culture, Law and Citizenship
12/03/2013
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How money is corrected by more Selic interest rate of 1%, income gains for most applications
But if the taxpayer is in debt is better to receive money to pay off debts
SAO PAULO - If the IRS follow the same calendar year, the first batch of refund of Income Tax shall be released on June 15. For many people who are in debt, whether credit card or overdraft, credit arrangements that have the highest interest rates in the market, ranging between 9% and 10% per month will be a relief. But for those who are up to date with finances, experts warn that it is not always advantageous to get the refund in the first few batches. That's because the value is corrected by the Selic base interest rate of the economy, more than 1% interest, which gives a real gain above inflation and even above some investments as savings (new and old), the fixed income funds and CDBs.
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