Income Tax (IR) Declaration: Important Considerations for 2025
The Income Tax (IR) is a topic that generates many questions, especially when it comes to declaring bank accounts and financial investments. Even if the balances and earnings do not reach the mandatory limits set by the Federal Revenue Service, some categories require special attention. In this article, we will address the main points to consider in the 2025 IR declaration, focusing on the importance of declaring your accounts and investments.
Bank Accounts and Investments That Demand Attention
Accounts with Significant Balances
Although the limit for the mandatory declaration of assets and rights is R$ 800,000.00, it is important to pay attention to high bank balances. If you have an account with a significant balance, the Federal Revenue Service may raise questions about the origin of these funds, even if they do not exceed the mentioned limit. Therefore, it is essential to have documentation that justifies the source of the money.
Financial Investments
- Taxable Income: Investments such as Certificates of Deposit (CDBs), investment funds, and Treasury Direct generate income that needs to be declared. This income is considered taxable and must be reported in your declaration.
- Exempt Income: Even though some investments, such as savings accounts, Real Estate Credit Letters (LCI), and Agribusiness Credit Letters (LCA), are exempt from IR, they still need to be reported in the declaration.
- Stocks and Other Assets: Operations on the stock exchange, as well as the buying and selling of stocks and other financial assets, also require declaration, regardless of the value involved.
Savings Account
Although savings accounts are exempt from IR, it is necessary to declare them in the “Assets and Rights” section, reporting the balance as of December 31, 2024.
Foreign Accounts
Bank accounts and financial investments abroad require specific declaration, even if the amounts are low. Transparency in this aspect is crucial, given the increase in information exchange between countries.
Why Declare Even If Not Mandatory?
Fine Mesh
The Federal Revenue Service has advanced systems that cross-reference data from various sources. Inconsistencies in your declaration can lead to the fine mesh, which may result in penalties.
Proof of Income
The IR declaration serves as proof of income in situations such as credit and financing applications. Having your documentation in order can facilitate financial processes.
Transparency
Declaring your assets and income demonstrates responsibility and transparency, avoiding future problems with the Federal Revenue Service.
Recommendations
- Organization: Keep your bank and investment income statements organized.
- Consultation: In case of doubts, consult an accountant or a professional specialized in IR.
- Use of Tools: Utilize the programs and applications from the Federal Revenue Service to facilitate your declaration.
Additional Information
It is crucial to understand that the Federal Revenue Service has cutting-edge technology to cross-reference information. Therefore, even if you do not meet the mandatory criteria, transparency in your declaration is always the best practice. For more information on declaring bank accounts and financial investments, consult the regulatory instructions from the Federal Revenue Service.