Income tax: What happens if you don’t declare? MEI Need to declare as an individual? Ask your questions

by Andrea
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Income tax: What happens if you don't declare? MEI Need to declare as an individual? Ask your questions

Have you submitted your 2025 income tax statement? There are 15 days to finish the deadline on May 30. The IRS expects to receive 46.2 million statements – that is, about one fifth of the population will have to account for the tax authorities this year.

Income tax return. Photo: Marcello Casal Jr/Agência Brasil/Photo: CBN

At the end point CBN, Carolina Morand and Débora Freitas receive Bianca Xavier, professor at FGV and tax lawyer, to answer questions about the income tax. Check it out:

What happens to those who do not deliver the IR statement on time?

“Imagine the situation: the person was unemployed, received below the taxable amounts, but had to declare because he had property. In this case, the fine is $ 165 reais – this is the minimum. If you have tax payable, will have a fine of 20% over the tax due, more selic every month that stops the fine is 20%.

Do you also need to declare as an individual?

“The MEI, as it is an individual microentrepreneur, is a means and legal person. You have to make, first, the statement of the legal, to investigate what will be the profit; to then bring this to the declaration of individuals. We need to do the analysis in the legal entity to then declare in physics,” he explains.

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