Every year citizens and businesses are required to declare the Income tax, but still there are many who do not know how to carry out the process and who should do it.
The IR is one of the most important taxes levied by the State and it is worth mentioning that it is mandatory, so your declaration must be prepared in advance. Learn more about the statement and its procedures.
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What is Income Tax
When it comes to politics, the discussion about the subject is increasingly burning among the population, this generates many lines that we hear constantly.
Have you ever heard someone use the following sentence as an argument: “We pay their salary!”; in this case, the person was possibly referring to taxes.
The other governments in the country need some kind of fundraising to guarantee an improvement in their management, so they charge taxes from citizens and companies.
There are three types of tax collection and they are all mandatory, but today we are going to focus specifically on Income Tax to better understand how it works.
This is an annual collection tax, the citizen or company needs to collect the necessary documentation to declare all the income generated in the year prior to the one they are declaring.
There is a process for making the declaration, as well as a margin that defines who needs to make the declaration and who can waive the task.
how to declare
The technology we have today makes our lives much easier, as many processes that would normally be stressful can be carried out easily.
Although the process is within easy reach, it is necessary to pay attention to all the documents necessary for the declaration; Let's focus on the case of individuals.
The basic documents required are: RG, CPF, birth certificate, voter registration, copy of the last statement made by the person and your bank account details.
After collecting each of these documents, access the Federal Revenue website where it will be possible to do the whole process without difficulties.
who must declare
There are parameters involving the Income Tax declaration, which can be changed from year to year, so let's deal with the rules for 2023.
Must declare who owns a company; receives a salary of, more or less, R$2380.00 or more; constituted your residence or sold property in the previous year; owns assets whose values add up to more than 300 thousand reais; received emergency aid in the previous year.
For more detailed information, be sure to read the articles available on the IRS.