IR 2025: Deadline ends on May 30

Taxpayers have until the end of May to comply with tax authorities

The deadline for submitting the 2025 Income Tax return, referring to the 2024 calendar year, ends on May 30 at 11:59 PM. It is important to remember that taxpayers who do not submit the return or submit it after the deadline may face a fine ranging from BRL 165.74 up to 20% of the tax owed.

According to the Federal Revenue Service, the agency projects to receive around 46 million returns by the deadline.

Who must file

The taxpayers required to declare are as follows:

• received taxable income subject to adjustment in the declaration, with a total amount exceeding BRL 33,888.00 (previously the amount was BRL 30,639.90);
• received exempt, non-taxable income or income taxed exclusively at source, with a total amount exceeding BRL 200,000.00;
• obtained, in any month, capital gains from the sale of assets or rights subject to tax incidence;
• conducted sales operations on stock exchanges, commodity exchanges, futures, and similar markets: a) with a total exceeding BRL 40,000.00; or b) with calculation of net gains subject to tax incidence;
• regarding rural activity: a) obtained gross revenue exceeding BRL 169,440.00 (previously BRL 153,999.50); or b) intends to offset, in the 2024 tax year or subsequent years, losses from previous tax years or from the 2024 tax year itself;
• held, as of December 31, possession or ownership of assets or rights, including bare land, with a total value exceeding BRL 800,000.00;
• became a resident of Brazil in any month and was in that status on December 31;
• opted for exemption from Income Tax on capital gains earned from the sale of residential real estate, provided the sale proceeds are used to purchase residential real estate located in the country within 180 days from the sale contract date (Law No. 11,196/2005);
• chose to declare the assets, rights, and obligations held by a controlled entity, directly or indirectly, abroad as if they were held directly by the individual (Law No. 14,754/2023);
• held, as of December 31, ownership of trusts and other contracts governed by foreign law with similar characteristics (Law No. 14,754/2023);
• opted for updating real estate assets to market value, under the terms of Law No. 14,973/2024; or
• earned income from capital invested abroad in the form of financial investments and profits and dividends from controlled entities (Law No. 14,754/2023).

2025 Income Tax Refund Schedule

As occurs annually, the Income Tax refunds have been divided into five installments:

1st installment: May 30;
2nd installment: June 30;
3rd installment: July 31;
4th installment: August 20;
5th installment: September 30.

Read more: Income Tax 2025: See 8 questions and answers about this year's tax filing

File your Income Tax return with confidence

By relying on DPC professionals to prepare your Income Tax declaration, you ensure a smooth and secure process. Count on this support to keep your tax compliance: dpc@dpc.com.br.