Declare your actions in the Income Tax and avoid a 150% fine

Did you know that the stock investments need to be declared in Income tax? If you didn't know, be careful to produce the correct statement, because if this data is not included in it, you can be fined very heavily.

See too: Is it possible to donate income tax for aid?

According to the Federal Revenue, this falls under omission of information, and the fine for omission can reach 150% of earnings, according to the regulation.

So it's imperative that you declare all earnings on stocks invested in your name in 2021, even if you didn't receive a salary in the year or obtained another source of income.

To be declared, the shares must be informed in the Assets and Rights form, in group 03 (Equity Interests), code 01 (Shares). You need to open an 'item' for each share class of each company.

In the “Discrimination” field, you must:

• Inform the name of the company that issued the shares;
• The paper code;
• The type of share and the number of shares you had in your possession on December 31, 2021;
• The CNPJ of the company that issued the shares. In the “Situation on 12/31/2020” and “Situation on 12/31/2021” fields, you must:
• Inform the position of the shares in reais on each date;
• If you bought the shares in 2021, fill in the value of the first field with zero;
• If you sold everything in 2021, fill the second field with zero.

Among the main errors in the income tax declaration are:

Failure to pay tax on earnings on time.
In the case of the sale of shares, the declaration of gains must be made by the last business day of the month in which the sale was made.

Mix common operation with day-trade

The common operation is when shares are bought on one day and sold on the next, in these cases the tax on capital gains is 15%.

Day-trade is when shares are bought and sold on the same day, and in this case the tax is 20%.

Do not include losses in the statement

You must declare stock losses in your statement, and this may even reduce the calculation base on capital gain, offsetting these losses a little.

Not reporting account balances or investments abroad

If you have an investment account outside Brazil, any foreign digital investment portfolio or shares outside the country, you must declare everything. For this, you need to convert the acquisition value to the real, considering the quotation at the time of acquisition.

Do not keep proof of negotiation and tax payment

Brokerage notes and Darfs (federal collection documents) must be available at the time of filing. This way you can inform the shares bought and sold, the prices paid and the number of shares.

In addition, you will know how to inform the taxes paid in the declaration.

Not declaring shares purchased in previous years

You also need to report stocks purchased in previous years, even if you didn't buy any in 2021. This information goes to the “Assets and rights” sheet.

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