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Brazil: Postponement of tax income declaration for individuals

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published on 19 April 2021 | reading time approx. 1 minute

 

On March 1, 2021, the period for filing the Brazilian Personal Income Tax Declaration (Fiscal Year 2020) began.

 

 

It’s postponed by 30 days, from April 30 to May 31, and the rules remain the same:

  • Received taxable income above BRL 28,559.70 in 2020. The amount is the same as last year's income tax return (2019).

  • In any month of 2020, got a capital gain on the sale of assets or rights, or carried out operations in the stock, commodities, futures and similar markets.

  • Those who became resident in Brazil in any month and were in that condition until 31 December 2020.

According to the Brazilian IRS, the decision has been made in order to ease the difficulties imposed by the pandemic to collect the necessary documents for the revenue tax declaration, as to avoid crowding at the public service stations.

 

In addition to the situations described above, there are other conditions that oblige the taxpayer to declare income tax in Brazil.

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