Clipping of news on Brazilian Culture, Law and Citizenship
03/23/2016
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Declare the savings in income tax is relatively simple: simply enter the balance of the book in sheet "assets and rights", since the investment is considered an asset by the IRS, and declare the income from the investment in plug " Exempt income and non-taxable".
To declare the balance of savings, open the sheet "assets and rights" of the statement and select the code "41 - savings passbook."
In the "discrimination" indicates the name and CNPJ of the financial institution, the account number and, if it is joint, the name and social security number of another holder.
In "Situation on 31/12/2014", declare the balance of the savings on that date. If saving has been started last year, leave the field blank. Similarly, in "Situation on 31/12/2015" enter the amount that was deposited in savings that day.
Informing the income generated by the application in the form "Exempt Income and Non Taxable", enter the amount on line "08 - passbook savings income and mortgage notes."
The proceeds of the savings are always exempt from IR, although they have been received by virtue of a court decision that determined the correctness of the amounts deposited by different index set for the application.
Bank report details the values
Both savings balances in 2014 and 2015, as the exact amount of income recorded in the financial application, can be found in the report of the bank's income.
This document can be sent by mail, consulted by internet banking and ATMs or requested in bank branches.
In the report, the banks detail the information as they appear in the statement, with the balance in 2014 and 2015, the income earned in the period, in addition to the corporate name and CNPJ the bank itself.
In addition to facilitating the completion of the statement, noted the report is important because any differences between the data passed by the bank and informed by the taxpayer can take the statement to be retained in the fine mesh.
Safe in pig format: see step by step to declare the money invested in savings and income from the application © Thinkstock / Hemera Technologies safe in pig format: see step by step to declare the money invested in savings and income from the application
Savings may require the taxpayer to submit the declaration
Have money invested in the savings may require the taxpayer to declare the income tax, according to two rules of Revenue (see who is obliged to declare the IR 2016).
The first rule indicates that is required to declare the IR who had, on 31/12/2015, possession of property or rights which amounted to over 300 thousand.
Therefore, taxpayers who had more than 300 thousand reais in savings, or had at the time other assets such as real estate and cars, which, added to the savings value exceeded 300 thousand reais, must declare the income tax.
The second rule concerns the exempt income. Who received, in 2014, more than 40 thousand reais in exempt income, such as that obtained with the savings must also declare.
So, if you had a nice amount invested in savings, which guaranteed an efficiency greater than 40 thousand reais in 2015, you will be obliged to state, however that does not fit in the other mandatory rules for submission of the declaration.
The taxpayer who fit into one of these two rules will only be released from the delivery of the declaration is included as a dependent on another person's income tax (know the rules to declare dependent on income tax).
Source: MSN
To access the MSN site, click here.
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This article was translated by an automatic translation system, and was therefore not reviewed by people.