The Income tax refund It is to return the money to those who paid more taxes than they should. Thus, after the declaration, the IRS sees this difference and returns the money to the taxpayer. For this reason, even those who are exempt can be refunded, if they submit an IR declaration.
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It may seem a bit confusing. But, according to the rule, money that is excluded from advertising can also be refunded. This is because if the income is less than R$28,559.70 throughout the base year, the person will not be required to declare it. On the other hand, if the tax has been withheld at the source, she can declare the IR and get it back.
Exemption can be refunded
With so many rules in place, many taxpayers are lost when the IR declaration period arrives. This year, the deadline for accountability to Assad is until April 29. With the end of the ad period, taxpayers can access the Federal Revenue website again to verify refund values.
A rule that has been in place for years is that whoever announces early gets back first. The application follows the schedule of refund payments established by the IRS. The refund amount is located directly in the account notified by the taxpayer during the IR declaration. Thus, even those who are exempt from the declaration can be refunded and be part of those payments issued by Federal Revenue.
Another detail is that people who are not required to authorize also do not pay a fine for not meeting the April 29 deadline. That is, if they preferred not to declare, they would incur no penalty for doing so.
But according to experts, the recommendation for those who have imposed tax values is to file the declaration even if they are exempt. Thus, these people will be able to access additional value in the IR redemption period.
