Clipping of news on Brazilian Culture, Law and Citizenship
31/03/2016
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Car key and keychain
Car: if the consortium was not contemplated in 2015, installments paid enter the code 95, the statement "Assets and Rights"
São Paulo - The amounts allocated to consortia cars are considered as a kind of well by the IRS. So, however you have not been awarded with the letter of credit in 2015, is required for the contributions made to the consortium in the Declaration of Income Tax.
All consortium installments paid in 2015 should be declared in the "Assets and Rights" tab under the code "95 - Consortium not contemplated."
In the "Situation on 31/12/2014", report the amounts paid by the end of 2014 and in the "Situation on 31/12/2015", state the total amount paid over 2015 and in previous years.
If the consortium started in 2015, the 31/12/2014 column should be left blank, and just completed the 2015 field.
In "Discrimination", enter the name and registration number in the CNPJ of the consortium manager, the type of good (if a car or a Motot, for example), and the number of installments already paid and payable.
In Box site you can see an example of how to fill out the information in the "discrimination": "Consortium acquired box Consortia, CNPJ: 05349595 / 0001-09, on xx / xx / 20xx, xxx Group, Cota xxx, the amount of R $ xxx. "
Note that in the example case mentioned only the value of the share, but it also report the total amount of benefits, describing how many have been paid and how many left to pay, as recommended by the Revenue.
Information such as the CNPJ, the group, the quota and others are sent by the consortium administrator through the annual report of income tax.
Some taxpayers think the consortium not contemplated should be released as debt and the car as well. But in declaring this way the IRS can understand that the car was purchased without the taxpayer had the resources and can interpret that there was a source of income concealment.
Consortium awarded in 2015
If you have been contemplated and have bought the car last year, the "Situation on 31/12/2015", within the 95 code should be left blank, and just filled the box "Situation 31/12/2014 "with the amount of the installments paid to date.
To declare the car purchase, you must open a new item in sheet "assets and rights", but this time under the code "21 - Motor Vehicle Land".
The "Situation on 31/12/2014" should be left blank, and "the situation on 31/12/2015" should bring the total amount paid by the consortium so far, including the bid amount, if any.
In the "discrimination" field, enter motor data (model, year and plate) and consortium data - such as the name and registration number in the CNPJ of the consortium manager, the type and the amount of installments paid and the bid amount if houver-, explaining that you have been contemplated.
If the taxpayer continued to pay the consortium installments after the purchase, its value should be added to the value of the car as if they were the installments of funding (see how to declare the car buying for financing).
The consortium members that were contemplated in 2015, but did not use the letter of credit shall declare the same way as taxpayers who were not included. The only difference is that the "discrimination" is to mention that contemplation occurred, but the value was not used for the acquisition of the good until 31/12/2015.
Consortium initiated and contemplated in 2015
If you joined the consortium last year and was also awarded in 2015, no need to declare anything in the code "95 - Consortium not contemplated."
In this case, you must register it under the code "21 - Motor Vehicle Land" in sheet "assets and rights." In the "discrimination" field, you must enter vehicle data and mention that it was purchased by the consortium, stating their data.
It would be something like: "Car Fiat Palio, 2014, xxx-xxxx card purchased with the Consortium of Consortia Cash, CNPJ:. 05,349,595 / 0001-09, on xx / xx / 2013 of R $ xxx" as the example of the Box site.
The "Situation on 31/12/2014" should not be filled and in the "Situation on 31/21/2015", should be recorded the amount of the installments paid in 2015 added to any other amounts paid to acquire the property as bid.
Again, if the taxpayer continue paying installments consortium, the values must be declared within the code and acquired, as if they were the installments of funding.
If the shares continue to be made in the following years, they should be added to the value of the asset in the same way in the next statements until the benefits ended and all the car's value has been paid.
See how to fill your statement in PIT Guide 2016 EXAME.com.
Source: Survey
To access the exam site, click here.
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This article was translated by an automatic translation system, and was therefore not reviewed by people.