Validating invoices on the e-Fatura Portal can result in a reduction in tax payable or an increase in IRS refunds. The Government reinforced the importance of this procedure, explaining why expenses should be confirmed and how to do so within the set deadlines.
According to Pplware, a website specializing in current affairs and technology, when validating each invoice the taxpayer is indicating which category each expense belongs to, allowing this information to be considered in tax deductions. This step is crucial so that expenditure on health, education, housing or other relevant areas is correctly reflected in the calculation of IR.
Why is it so important to validate invoices
Whenever an invoice is issued with the Tax Identification Number, this information is communicated to the Tax and Customs Authority. However, not all of them are automatically classified. Some appear as pending or with the incorrect sector of activity.
According to the same source, by validating invoices, the taxpayer ensures that each expense is placed in the right category, which can influence the final tax calculation. In many cases, it’s the difference between paying more or receiving a larger refund.
If the sector is incorrect, it is possible to select the invoice in the “Verify Invoices” area and change the activity in “Additional Information”. If there are outstanding invoices, it is necessary to complete the missing data so that they can be considered.
How to validate step by step
The process can be carried out on the Finance Portal or via the e-Fatura mobile application. Simply access with your CPF and respective password, enter the “Check Invoices” option and confirm or correct the available information.
According to the publication, self-employed workers must pay special attention, as they also need to identify whether expenses are totally or partially related to their professional activity.
What expenses are eligible for deduction
Categories covered include healthcare, education and training, homes, real estate, gyms and other specific sectors. Percentages and limits vary.
Health expenses allow you to deduct up to 15% of the amounts incurred, within the global annual limit. In the case of education and training, the deduction can reach 30% of expenses, up to the current legal ceiling. Residential expenses allow you to deduct 25%, also with a limit defined annually.
According to the publication, in the case of renting permanent housing and certain real estate credit charges entered into until 2011, 15% of the amount paid may be deducted, up to the applicable limit.
There are also deductions associated with VAT, such as in gyms, hairdressers, car workshops or veterinarians, which allow you to recover part of the tax paid.
What if it doesn’t validate within the deadline?
If the taxpayer does not validate the invoices by the end of February, they can still consider these expenses when submitting the Income Tax declaration, by manually filling out table 6 of Annex H of Model 3.
Furthermore, some expenses do not automatically appear in the e-Fatura, such as user fees, health insurance, tuition fees or interest on housing loans. This information is communicated by other entities and is subsequently available on the Finance Portal.
As explained by , until mid-March it is possible to consult the expenses considered for deduction from collection and, by the end of that month, submit a complaint if there are omissions or errors.
With the deadlines defined, the recommendation remains: validating the invoices can be a simple gesture, but with a direct impact on the final value of your IR.
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