↑ Return to IRPF

Who has to fill in the IRPF 2012 tax declaration?

Taxpayers are fully accountable to declare their Income tax

IRPF, the Imposto de Renda Pessoa Física or individual income tax has to be paid by various individuals, depending on income, activities on the stock exchange, expats  among others. It is the full responsibility for the tax payer to fill out the application and submit it before April 30th.

IRPF declaration for income above R$ 23.500

IRPF for those doing perations on the stock exchange

BM&F Bovespa

IRPF, the Imposto de Renda Pessoa Física or individual income tax has to be paid by various individuals, depending on income, activities on the stock exchange, expats  among others. It is the full responsibility for the tax payer to fill out the application and submit it before April 30th.  According to the rules for the delivery of the declaration of Individual Income Tax 2012, IRPF published by the Receite Federal in the Official Gazette Union, taxpayers are required to deliver the document who have taxable income worth more than R $ 23,499.15 during the past year and those who received exempt income, not taxable or taxed exclusively at source, whose sum was more than R $ 40,000.00.

Immigrants/expats

The obligation to the declare income also applies to those who have resident status in Brazil, in any month last year, and is still in this situation as per December 31, 2011.

Capital gains and operations on the stock exchange

Who gained in any month capital gain on sale of assets or rights, subject to the tax, or conduct operations in stock exchanges, commodities, futures and the like must also complete the declaration.

Rural activity

Moreover, it is obliged to declare who won the annual adjustment to gross income rural activity than R $ 117,495.75 and was on December 31, 2011, the possession or ownership of or rights, including bare ground, the totaling more than R $ 300,000.00.

Digital Certification

New for 2012 is the mandatory use of Digital Certificate for taxpayers who received in calendar year 2011, taxable income, subject to adjustment in the statement, whose sum was greater than R $ 10,000,000.00.

Others

The rule also applies for those who opted for exemption from income tax levied on capital gains realized on the sale of residential properties, whose proceeds will be applying for the purchase of residential properties located in the country within 180 days from the conclusion of the sale.

Also according to the tax services, the declaration must also be submitted by anyone wishing to compensate for the calendar year 2011 or subsequent calendar years of losses or of the previous calendar year 2011.