Federal Revenue discloses rules to report the 2021 DIRPF

The reporting period will start on March 1 and it ends on April 30, 2021

The Federal Revenue has released the set of rules for reporting the Individual's Income Tax (Declaração do Imposto de Renda da Pessoa Física - “2021 DIRPF”). The RFB Normative Instruction 2010/2020, published on February 25, listed the rules and procedures to comply with this obligation. Check out the main information:

Deadline

The reporting period will start at 8:00:00 a.m. on March 1st and will end at 11:59:59 p.m., Brasília time, on April 30, 2021.

Failure to file the Report within the deadline will result in penalty charge.

Compulsory reporting

The individual taxpayer resident in Brazil must report the statement if:

DIRPF 2021 Generator Program

The “Programa Gerador da DIRPF2021” is available for download as of 8:00:00 a.m. on February 25, 2021, as well as the “Meu Imposto de Renda” application.

Return schedule

The return payment schedule is divided into five lots:

As in previous years, the returns will be prioritized according to the date of reporting the DIRPF, respecting categories of taxpayers with legal priority in receiving the refund (special priority for those above 80 years-old, priority for those aged 60 years-old or above, disabled) or serious illness and taxpayers whose main source of income is teaching).

What's new in this edition

Cryptocurrencies

In the Goods and Rights form, three types of cryptocurrency information were created:

• 81 - Cryptocurrency Bitcoin – BTC;
• 82 - Other cryptocurrencies, of the digital currency type (altcoins como Ether, XRP, Bitcoin Cash, Tether, Chainlink, Litecoin...);
• 89 – Other cryptocurrencies (payment tokens).

Return to payment accounts

For statements with “Imposto a Restituir” (Tax to Return), it is now possible to select "Contas Pagamento" (from Fintechs, for example) for refund credit.

Oversharing

Now, it is possible to send the Oversharing information without having to correct the “Declaração Final de Espólio” (Final Declaration of Estate) already sent. To do this, in the collection form, it is necessary to check the "Sobrepartilha" (oversharing) option.

E-mail and Mobile

The Federal Revenue may use the e-mail address and mobile number provided on the identification form to inform the existence of important messages in your MailBox.

However, the taxpayer must be aware: the agency does not use this route to request tax, banking and registration information.

Pre-filled Statement

The pre-filled statement will be available to taxpayers with access to the e-CAC Portal, through access code and password and not only to those who have a Digital Certificate.

Pre-filled statement of dependents

When starting a statement with pre-filled data, it is possible to obtain the income information the dependents received, as long as the taxpayer has a proxy for the dependent registered on the e-CAC portal.

Exemption for individuals over 65 year-old

When the retirement, reserve, reform, or pension income from taxpayers over 65 years-old is reported on the “Rendimentos Isentos e Não Tributáveis” (Exempt and Non-Taxable Income) form, the exempt portion will be calculated and the surplus will be automatically transferred to the Taxable Income from Legal Entities form.

New Caixa Econômica account

Caixa Econômica Federal currently has two valid current account number formats. Both can be informed to register the bank information to debit the payment of the income tax shares or credit of the refund.

Taxation of Emergency Assistance

The amounts received as Emergency Assistance and Residual Emergency Assistance are considered taxable income and must be reported as such in the “Rendimentos Recebidos de Pessoa Jurídica” (Income Received from Legal Entities) form.

Return of Emergency Assistance

In this year, taxpayers who received emergency assistance due to the Covid-19 pandemic are required to report the DIRPF, if they have received, together with the assistance, other taxable income in an annual value greater than BRL 22,847.76. In this situation, the taxpayer must return the amount of the emergency assistance.

Specialized support for reporting the statement

The Individual's dedicated area at Domingues e Pinho Contadores provide service to taxpayers personalized, agile and secrecy, employing best practices to comply with this tax obligation, covering complex cases and special situations. Count on the DPC team to prepare and file the 2021 DIRPF. Talk to our experts at: dpc@dpc.com.br.