One of the proposals during the presidential campaign of Luiz Inácio Lula da Silva was the reduction of Income tax. During the election period, the current president promised that the declaration would be necessary for anyone earning more than R$5,000 per month.
Annually, thousands of Brazilians need to pay the Income Tax on Individuals (IRPF) for the necessary inspection by the Federal Revenue Service. The value of the tax rate varies according to the salary received, but there are great controversies involving Brazilian taxes, since our tax burden is among the highest in the world.
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According to the rate, those who receive less, pay less. Promptly, the poorest people feel the reflection of this position. The Income Tax table had not been updated since 2015, which had an even greater impact.
Who will have access to the Income Tax exemption?
The estimate indicated by Unafisco Nacional (National Association of Tax Auditors of the
IRS) reported that the table is at a disadvantage of more than 140%.For example, the table makes it mandatory to declare the IR for those who earn from R$ 1,903.98, which was a much higher amount in 2015, when the table was last updated. At the time, the minimum wage was R$880.00, a reality different from the current national minimum wage of R$1,302.00.
As for the promise that only those earning R$5,000 or more per month will have to declare the Income Tax, so far there have been no decisions in this regard. So far, the Tax Reform has been discussed.
The Minister of Finance, Fernando Haddad, informed that there will be taxes on gasoline, which will make the fuel even more expensive in 2023. The change in the IR table, however, must be for the next moment.
Rate table
- Up to BRL 1,903.98: exemption;
- Who receives from BRL 1,903.38 to BRL 2,826.65: 7.5% aliquot;
- Who receives from BRL 2,826.66 to BRL 3,751.05: 15.0% aliquot;
- Who receives from BRL 3,751.06 to BRL 4,664.68: 22.5% rate;
- Who receives from BRL 4,664.68: 27.50% rate.
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