Clipping of news on Brazilian Culture, Law and Citizenship
02/21/2014
This article was translated by an automatic translation system, and was therefore not reviewed by people.
transparent image
The Official Gazette today published Normative Instruction laying down detailed rules for the submission of the declaration of Individual Income Tax in 2014 , which begins on March 6. The deadline will be April 30 in 2014 . The minimum penalty for those who do not deliver on time is £ 165.
The declaration must be made online, using Receitanet , transmission program of the Internal Revenue Service , or through tablets and smartphones to Android and iOS ( Apple ) operating systems mobile devices . The Revenue will no longer receive statements on diskette , which were delivered at the Bank of Brazil and Caixa Economica Federal . Paper forms had been abolished by the IRS .
As in other years , the taxpayer sent at the beginning of the period must receive the refunds in the first batch , except inconsistencies , errors or omissions in completing the declaration . Also will have priority in receiving refunds , taxpayers with more than 60 years, as specified in the Elderly , also patients with serious illness and physically or mentally disabled .
Regular batches begin to be released on June 16 and end on December 15, 2014 . After the release of these lots , refunds will be paid in residual plots for taxpayers who correct statements . Must state, among others , who received taxable income the sum was greater than R $ 25,661 in 2013 , than those who received exempt income , non- taxable or taxed only at the source , up to $ 40,000 in 2013 .
The declaration of the 2014 PIT is mandatory even for those obtained in any month of 2013 , capital gains from the sale of assets or rights , subject to the levy of the tax , or operations performed on stock exchanges, commodities , futures and similar . Also state who acquired possession or ownership of or rights, including bare ground , total value exceeding £ 300,000 . The declaration must be completed even by those who passed the residency status in Brazil , in any month last year , and they were in this condition on December 31, 2013 .
The rule also applies to those who opted for exemption from income tax on the incident on the capital gain realized on the sale of residential properties , whose proceeds are for the purchase of residential properties located in the country within 180 days from the conclusion of the sales contract. Who won last year , exceeding R $ 128,308 of gross income rural activity must also declare .
The individual can opt for the simplified deduction . The option implies the replacement of all deductions allowed in tax laws , corresponding to the deduction of 20 % ( twenty percent ) of the amount of taxable income in the Statement of Annual Adjustment , limited to R $ 15,197 . The simplified deduction is not allowed for the taxpayer who intends to offset losses from rural activity or tax paid abroad.
Source : Brazil Agency
Our news are taken in full from our partner sites . For this reason , we can not change their content even in cases of typos .
This article was translated by an automatic translation system, and was therefore not reviewed by people.