As the Personal Income Tax filing period approaches, one document stands out as essential to avoid errors and inconsistencies: the Income Statement (Informe de Rendimentos).
What is an Income Statement?
It is the official document that confirms all the amounts you received during the previous year. It is the foundation of your tax return and is provided by:
- Employers;
- Banks and financial institutions;
- Investment brokerages;
- Social Security (INSS) and health insurance providers.
It contains details such as salaries, tax withheld at source, earnings from investments, and social security contributions.
Why is it so important?
The Brazilian Federal Revenue Service (Receita Federal) receives this data directly from the paying sources. If your declaration differs from the official statement, the system will flag the discrepancy, potentially leading to fines, being flagged for review (“malha fina”), and delays in your refund.
Early Filing Tips:
- Get organized now: Having all statements ready allows you to file calmly and correct any potential errors in time.
- Official documents only: Do not rely solely on payslips or bank statements—the official Income Statement is the required reference.
- Seek professional support: Our office can help you organize your documentation and file your return safely and responsibly.