Income Tax 2023 What to declare

Income Tax 2023: What to Declare?

Income tax is an annual obligation for most Brazilians. The correct and complete statement is critical to avoiding problems with the IRS. In this article, we will address what should be declared in Income Tax 2023.

What is Income Tax?

Income tax is a tax charged by the federal government on the income of individuals and companies. The income tax return is a way to account for the government’s gains and expenses.

Who should declare income tax?

Not all people need to declare income tax. The obligation varies according to the annual income range and other specific conditions. It is important to consult the updated IRS rules to find out if you are required to declare.

What to declare in income tax 2023?

In income tax 2023, it is necessary to declare all income received throughout the year, whether from salaries, rents, investments, among others. It is also necessary to inform the deductible expenses, such as health, education and private pension expenses.

In addition, it is important to declare property and rights such as real estate, vehicles, investments and bank accounts. It is necessary to inform the acquisition value and the updated value of these goods.

  1. salaries and income
  2. Rentals
  3. Investments
  4. Health spending
  5. Expenses with education
  6. Private Social Security
  7. goods and rights

Type of good or right
Acquisition Value

Updated Value

Real Estate R $ 200,000.00 R $ 250,000.00
Vehicles R $ 50,000.00 R $ 40,000.00
Investments R $ 100,000.00 R $ 120,000.00
Bank accounts R $ 10,000.00 R $ 12,000.00

Reference: IRS