Who will be OBLIGED to pay income tax in 2023?

Paying income tax in 2023 will be the obligation of many Brazilians! Every year the IR Table is updated, or at least it should be. That’s why citizens need to keep an eye out for these updates. After all, they define who pays income tax and who grants IR exemption. In 2023, as expected, the values ​​were updated according to the minimum wage adjustment.

The current minimum wage, it is worth mentioning, is R$ 1302. With the definition of this new minimum wage, a new group of Brazilians will be obliged to pay income tax. Payments are most often made between March and April. It’s worth mentioning that since the IR table hasn’t been updated since 2016, many people may be surprised by the new values. We explain everything you need to know below; to watch!

Who will be liable to pay income tax in 2023? Credit: @jeanedeoliveiraphotography / pronatec.pro.br

What is income tax for?

First of all, it is very important to explain what income tax is for and why millions of Brazilians are obliged to pay this tax.

Income tax is a federal tax that is levied each year on the income of Brazilians, namely: on all remuneration received by taxpayers.

In this sense, the payment of income tax also accompanies the evolution of Brazilian heritages over the years.

To accomplish this control, the government is asking workers and businesses to do so report their annual earnings to the IRS.

The main function of income tax is social. This is: Grant amounts are used for investments in health care, education, infrastructure, public safety and much more.

See also: Will the new Bolsa Família offer CONSIGNED credit? Find out what the government says!

How many people paid IR in 2022?

In 2022, millions of Brazilians paid income tax – which last year, it is important to remember, it was levied on income earned in 2021.

According to data from the Federal Revenue itself, up to the maximum period defined by the institution, about 36 million declarations were filed.

All income tax refund lots 2022 they have also been released by the IRS.

If you haven’t looked up your situation yet, the website is worth going to http://solucoes.receita.fazenda.gov.br/servicos/consrest/atual.app/paginas/mobile/restituicaomobi.asP before making the 2023 declaration.

Who will have to pay income tax in 2023? Check out the new song

With the readjustment of the minimum wage and the updating of the RI Table – which had not occurred since 2016 – a new income tax bracket was created.

In 2023, therefore, Irpef will have to be paid by all the people who receive it up to 1.5 minimum wage. The inclusion of this range was mainly motivated by the absence of updates to the table in recent years.

In more practical terms, since the new minimum wage is R$ 1302, all persons who receive more than R$ 1903.98 must pay a contribution to the Federal Revenue.

The new group of taxpayers represents the first income tax band of 2023, which includes workers earning R$ 1908.99 to R$ 2826.65. For this group, the payout rate is 7.5% of income

Who will have to pay income tax in 2023? List updated

Now that you already know the new range of taxpayers who will have to pay personal income tax in 2023, the time has come to draw a complete picture of all the people who will have to contribute to the IRS in the current year.

Check below the complete list of all groups of Brazilians who are required to pay income tax in 2023:

  • Persons who received taxable income exceeding BRL 28,559.70 (including salary, retirement, pension and other sources of income);
  • Brazilians who have received exempt, non-taxable, or tax-only source income (such as FGTS savings, for example) exceeding R$40,000;
  • Persons who have guaranteed capital (profit) on the sale (or transfer) of goods or rights subject to tax (for example the sale of a car for an amount higher than that paid at the time of purchase);
  • Brazilians who have obtained income tax exemption for obtaining capital from the sale of residential real estate (in situations where the acquisition of another residential real estate occurs within a period of up to 180 days);
  • All persons who have carried out transactions on the Stock Exchange;
  • Persons who had, until December 31, 2022, the possession or ownership of assets or rights (including bare land) with values ​​exceeding R$ 300 thousand;
  • Brazilians who have earned more than R $ 142,798.50 in gross income in rural activities;
  • Rural producers wishing to compensate for business losses in 2022 or earlier;
  • People who started living in Brazil in 2022 and stayed in the country after December 31st.

See also: IPTU 2023: check the payment calendar and stay updated!

Discover the new values ​​of the Irpef 2023 deductions

The time has finally come to show all the new values ​​of the 2023 Irpef deductions. what are deductions?

The deductions, as a rule, represent the amounts that taxpayers can deduct from the basis for calculating the taxwhich includes all taxable income.

In practice, these deductions are expenses incurred during 2022 which, if declared to the Revenue Agency, can reduce the total amount of the tax – or increase the refund.

With that in mind, check out the full table of income tax deductions below and see the maximum values ​​for each of them:

  • Monthly deduction per employee: It has a maximum value of R$ 2275.08 (in this case, the monthly value is R$ 189.59);
  • Education fees: It has an annual limit of R$ 3561.50;
  • simplified discount (also known as standard discount): the annual limit is R$ 16,754.34;
  • health costs (provided they are duly supported by medical reports and statement of expenses with medicines and other products): There is no limit for these expenses;
  • Extra waiver fee for retirees and retirees over 65: BRL 24,751.74 per year (the calculation consists of BRL 22,847.76 in 12 months plus BRL 1,903.98 of the thirteenth salary).

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