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Imposto de Renda 2022

Quick guide to Imposto de Renda 2022 Topics about the obligation to file a tax return to the Receita Federal do Brasil.

Imposto de Renda 2022

What will you ﬁnd here? In this guide, you will understand whether or not you are required to submit, in a mandatory manner, your 2022 Individual Income Tax Return. Enjoy and count on us throughout the process! 1- Who must ﬁle an income tax return?

5- Who can be a taxpayer's dependent?

2- Mandatory situations

6- Who can ﬁle jointly?

3- Value limits

7- Who may be considered a resident in Brazil?

4- Who does not need to submit a tax return? 3

Imposto de Renda 2022

Who must ﬁle an income tax return? You are legally required to ﬁle your income tax return to the Receita Federal ("Internal Revenue Service") if: ● You are an individual;

● You reside in Brazil; ● In the year prior to the year you ﬁled this return, you fell into one of the situations that we we will show below. If you are required to do so, be sure to submit your tax return by the legal deadline. Otherwise, you will receive a default or late delivery ﬁne and your CPF will appear as "pending regularization".

Imposto de Renda 2022

Mandatory situations

Any person who has received taxable income above R$28.559,70, received exempt income, non-taxable income or income taxed exclusively at source, above R$ 40.000,00, received income above R$ 22,847.76 in 2020 and also the Emergency Assistance for facing Covid-19.

Every person who has obtained annual gross revenue resulting from rural activity with a value above R$ 142.798,50 or intends to compensate losses from rural activity in this or previous years with income from this or future years.

Imposto de Renda 2022

Any person who has obtained possession or ownership, on December 31st of the calendar year, of goods or rights including bare land, above R$ 300.000,00.

Any person who has conducted transactions in the stock, commodities, futures markets, and the like.

Every person who has obtained capital gains from the disposal of goods or rights, subject to the incidence of tax; opted for exemption of tax on the capital gain from the sale of residential real estate followed by the acquisition of another, within 180 days.

Any person who has become a resident in Brazil, in any month, and in this condition was on December 31 of the calendar year. 6

Imposto de Renda 2022

Value Limits Here are the value limits that make it mandatory to ﬁle an income tax return. 2022/2021

2021/2020

2020/2019

2019/2018

2018/2017

R$ 28.559,70

R$ 40.000,00

Rural activity

R$ 142.798,50

Assets and rights

R$ 300.000,00

Taxable income

Exempt* income

*Non-taxable exempt income or income taxed exclusively at source.

Imposto de Renda 2022

Who does not need to submit a tax return? You do not need to submit a tax return if: ● Do not ﬁt into any of the above situations; ● Appear as a dependent in another person's tax return, in which their income, assets and rights have been informed, if any; ● Had your assets and rights reported by your spouse or partner, as long as the total value of your private assets is not greater than the limit on December 31st. However, anyone can submit their tax return, even if they are not required to. To do this, you cannot appear as a dependent on someone else's tax return. 8

Imposto de Renda 2022

Who can be a taxpayer's dependent? ●

Spouse or partner

●

Children or stepchildren: - up to 21 years of age; - of any age, when physically or mentally incapacitated for work; - up to 24 years old, if still in higher education or technical high school.

● -

Siblings, grandchildren, or great-grandchildren, without parental support, of whom the taxpayer has legal custody: - up to 21 years old; - of any age, when physically and/or mentally incapacitated for work; - up to 24 years of age, if still in higher education or technical high school, as long as the taxpayer has had judicial custody until the age of 21. 9

Impostode deRenda Renda2022 Imposto 2022

●

Parents, grandparents, and great-grandparents if, in the calendar year, they received income, taxable or not, up to the exemption limit.

●

A minor up to 21 years old, economically dependent on the taxpayer, whom the taxpayer raises and educates, as long as he or she has judicial custody.

●

Individuals under guardianship and curatorship, who are absolutely incapacitated, of whom the taxpayer is the guardian or curator.

Imposto de Renda 2022

Who can ﬁle jointly? ●

Spouses, partners, and dependents can send only one declaration (jointly). In order to be considered a joint ﬁler, all of these people's assets, rights, and income must be on the same tax return statement (on the principal taxpayer's). In this case, jointly ﬁled persons do not need to submit a tax return form of their own.

Impostode deRenda Renda2022 Imposto 2022

Who may be considered a resident in Brazil? ● Someone who resides in Brazil on a permanent basis; ● A Brazilian who has acquired the status of non-resident in Brazil and returns to the country with definitive intent, on the date of arrival; ● Someone that is absent from Brazil because he/she is rendering services as an employee to the Brazilian Government's autarchies or repartitions located abroad; ● Someone who is absent from Brazil temporarily or permanently, without presenting the Communication of Definitive Exit Definitiva do País, durante os primeiros doze meses consecutivos de ausência; ● Someone who enters Brazil with a permanent visa, on the arrival date; ● Someone who enters Brazil with a temporary visa, in specific situations. 12

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