Hello! Welcome to the ORGATEC channel! If you are an income tax payer, pay attention!
The filing period for the 2025 Individual Income Tax Return starts on March 17 and runs until May 30, 2025. Don’t leave it until the last minute! Remember that we will be declaring information related to the 2024 fiscal year.
Who Needs to File a Tax Return?
Not everyone is required to submit an individual income tax return, but if you meet at least one of the following criteria, pay attention:
- Earned taxable income above R$ 33,888.00 in 2024;
- Had exempt, non-taxable, or exclusively taxed income at source above R$ 200,000.00;
- Conducted stock market transactions or had capital gains from the sale of assets exceeding R$ 40,000.00;
- Owned assets or rights worth more than R$ 800,000.00 as of December 31, 2024;
- Became a resident of Brazil at any time in 2024 and was still residing there at the end of the year;
- Earned gross revenue from rural activities above R$ 169,440.00;
- Opted for the capital gains tax exemption on the sale of a property to purchase another one within the 180-day period.
Remember that there are other specific situations that may also require you to file a tax return. If you have any doubts, consult us!
Required Documents
To avoid headaches when filing your tax return, organize your documents in advance! For example, you will need the following documents:
- Income statements for salaries, pensions, rent, and financial investments;
- Proof of purchase and sale of assets such as real estate and vehicles;
- Receipts for medical and educational expenses that can be deducted;
- Information about dependents (name, CPF, date of birth);
- DARFs (Federal Tax Payment Documents) paid during the year and donation receipts.
Additionally, if you traded in the stock market or have investments abroad, be prepared to provide this information as well. An important tip! If you have dependents, don’t forget to declare all of their income as well.
Late Filing Penalties
Attention! If you miss the deadline, you may be charged a penalty of 1% per month on the tax due, with a minimum fine of R$ 165.74 and a maximum limited to 20% of the total tax amount.
How to File?
The tax return can be filed using the Federal Revenue program, the “Meu Imposto de Renda” (My Income Tax) app, or through a trusted accountant. According to the Federal Revenue Service, the pre-filled tax return option will only be available starting April 1.
Now that you know who needs to file, which documents to gather, and the deadlines, don’t waste any time! If you need help, count on ORGATEC to ensure your tax return is 100% accurate.
See you next time!