More than 73.5 million Brazilians ended the last year with restrictions on their names due to debts, according to data from Serasa Experian
More than 73.5 million Brazilians ended the last year with restrictions on their names due to debt, according to data from the . Even with default, it is necessary for these people to make the declaration of the if they fit one of the 12 situations that require this obligation. When declaring, taxpayers who have debt should include the amount due, in addition to financing or loans contracted by 2024, regardless of being paid. It is important to note that debts of up to $ 5,000 do not need to be informed. For debts with companies, the taxpayer must follow the guidelines of the report received, while for debts between individuals, it is essential that the values are consistent to avoid problems with the IRS.
The deadline for the delivery of the statement extends until May 30th. After this date, the taxpayer may face a fine ranging from R $ 165.74 to 20% of the tax due, which may represent a significant cost. To declare a debt, the taxpayer must access the “Declaration Sheets” section, select “real debts and burden” and click on “New”. Then you need to choose the code corresponding to the creditor, which can be a bank, a financial or an individual. The amount of the loan, the payment method, the contract number and the creditor data must also be informed.
In addition, those who lend money also have obligations in the statement. You need to access “goods and rights”, click “New” and select “Credits”, where the granted loan data must be informed. For the year 2025, the income tax should declare those who received taxable income over R $ 33,888 in 2024, had exempt or non -taxable income over R $ 200 thousand, obtained capital gain in the sale of goods or had goods or rights that totaled more than R $ 800 thousand on December 31.
It is noteworthy that the IRS does not consider financing or consortia as debts. For these cases, the correct thing is to record the purchased good and the details of the financing in the statement. If a debt has been forgiven, the taxpayer must register it with “goods and rights” or “real debts and burden”, informing R $ 0.00 in the situation on 12/31/2024. The forgiven amount must be declared as a donation, and the creditor should verify if there is a need to pay donations tax, according to the legislation in force in his state.
Posted by Sarah Paula
*Report produced with the aid of AI
