Income tax: who is entitled to a refund?
Filling out the income tax return for the 2020 calendar year can be a bit lengthy, but it should be done as thoroughly as possible, including all income and all expenses incurred during the year for deductible items.
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In this way, the Internal Revenue Service can verify and determine if there is anything to pay, if everything is correct, or in the best-case scenario: if there is money to be received.
Those who paid more than they should have in the base year will receive their refund in some of the batches this year. The faster the tax return is filed, the faster the refund will be. Those who paid correctly should not have to pay anything or receive anything at all.
Check the rate.
The amount to be received in monthly tax depends on each individual's taxable income, calculated based on a table established by the tax authorities, divided into several brackets.
Check it out:
| Calculation basis | Aliquot | Aliquot | |
| first track | up to R$1903,98 | Free | |
| 2nd track | From R$ 1,903.99 to R$ 2,826.65: | 7,5% | |
| 3rd track | From R$ 2,826.66 to R$ 3,751.05 | 15% | |
| 4th track | From R$ 3,751.06 to R$ 4,664.68 | 22,5% | |
| 5th track | Above R$ 4,664.68: | 27,5% |
Income Tax Refund
The refunds will be processed in 5 installments, following the same schedule as in 2020.
Check it out:
| Batch | Payment date |
| 1st | 31/05/2021 |
| 2nd | 30/06/2021 |
| 3rd | 30/07/2021 |
| 4th | 31/08/2021 |
| 5th | 30/09/2021 |
