The Internal Revenue Service made changes to the main Income Tax form in this year’s declaration: “Goods and Rights”. These include real estate, vehicles and investments.
If you have money saved in savings, you should pay attention to the code change in the statement to inform this investment. See below how to proceed.
The Federal Revenue requires that savings with a balance greater than BRL 140.00 on 12/31/2021 must be declared. This applies both to accounts in the name of the taxpayer and in the name of dependents, such as children.
see what has changed
As of this year’s declaration, it is necessary to inform a “group” and a “code” for each asset or investment in the “Assets and Rights” form.
Savings are included in the group “04 – applications and investments” and in the code “01 – savings account deposit”.
Locate the “Assets and rights” sheet on the left side of the IR 2022 filling program screen.
If you already had savings in 2020 and continued with it last year, just locate it in the list of goods inside the sheet and click on it to update the data.
When importing the 2021 declaration into the 2022 declaration program, some goods already had their groups and codes automatically updated.
If you already had savings declared in IR 2021, it is important that you check if the group and code are correct in the IR 2022 program. Errors may occasionally occur when importing data from the previous program to the current one.
From there, the process is the same as in previous years’ declarations.
If you opened the savings in 2021, then click “New” to create an account for the new savings.
Inform if the account is yours (owner) or one of your dependents. Under “location”, select “105-Brazil”.
Inform the CNPJ of the bank where you opened the account. This information, as well as savings balances and earnings, can be found in the earnings report that must be made available by the bank on the website or application where you access your account.
In the “discrimination” field, inform that it is a savings account, which bank it is in, branch and account number. If it is a joint account, enter the name of the other holder and CPF in this field.
Repeat the bank, branch and account number in the specific field that appears just below the breakdown.
In the “situation on 12/31/2020” and “situation on 12/31/2021” fields, enter the balances on both dates.
If you opened your savings account last year, leave the “status on 12/31/2020” field with a value of zero.
If the savings account is joint, each person must inform in the respective statement the balance corresponding to their share in the balance fields on 12/31/2020 and 12/31/2021.
If it is not possible to define the value of each one, or if it is not clear how much belongs to each holder, then enter half of the balance on each statement.
Click “OK” to complete filling the form.
Repeat the above process for all savings held in your name or for your dependents with a balance above R$140.00.
Don’t forget to report income
In addition to filling in the data and the savings balance, it is necessary to inform the income accumulated by the application in the last year.
However, the income enters another form of the declaration, of “exempt income”.
As of this year, the Federal Revenue created a “shortcut” to inform income from the “Assets and Rights” form.
After informing the application balances in 2020 and 2021, you will find the “income” button below. Click on it and the program will automatically open a window on the “exempt income” tab.
Another way, the old-fashioned way, is to access the “exempt and non-taxable income” form through the menu on the left side of the program screen.
If you choose this path, click “New”. Then, under “income type” select the code “12-Savings account income”.
Inform if the savings are yours (holder of the declaration) or one of your dependents.
In the field “CNPJ of the paying source” enter the CNPJ of the bank where the account was opened. Likewise, enter the bank’s name in the “paying source name” field.
Then, in the “value” field, enter the total savings income in 2021, as shown in the income report provided by the bank.
Click “OK” to complete filling.