In September 2021, the main text dealing with a file Income Tax Reform It was approved by the House of Representatives. The document provides for changes in tax rules, such as increasing the scope of the exemption and changing the simplified deduction. But will these and other changes actually be implemented in IR 2022 Statement?
Read more: Find out who is exempt from the income tax return
The answer is no! What happens is that Bell (PL 2337/2021) containing new guidelines not approved by the Federal Senate. And since the deadline for this year’s statement starts in March, there won’t be enough time to implement the changes, if they are enacted.
What are the main changes proposed by the income tax reform?
With PL brought in, a change in the exemption range is expected, which will increase from R$1,903.98 to R$2,500 per month, which is a 31.3% correction. The same index will be used to readjust the portion to be deducted from retirees and retirees 65 years of age or older. With the change, about 5.6 million people will be exempt from IR.
The simplified deduction review in the annual adjustment statement is also another point under discussion in the reform text. Today, the deduction is 20% of taxable income, up to a maximum of R$ 1,6754.34. It replaces all that is permitted, such as spending on dependents, health and education.
However, according to the initial proposal, this discount will only be allowed for those who have earned up to R$ 40,000 annually, with a maximum of R$ 10,500. In addition, according to the text, bonuses from profits and dividends will be taxed at the rate of 15% as income tax at source. Only equity mutual funds are excluded from the fee.
Who needs to pay Corporate Income Tax (IRPJ), the expectation is that with the reform it will be reduced from 15% to 8%. This change must take effect after an additional 1.5% of the CFEM’s financial compensation is implemented – which will fall on the extraction of ores such as copper, bauxite, gold, iron, manganese, lithium, niobium and kaolin.
For all these reasons, it is worth noting that the Federal Revenue Service has not yet held its press conference to announce news related to the authority. 2022 season statement. The rules for this year are expected to be announced later this week.
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