People who had taxable income equal to or greater than R$ 28,559.70 throughout 2021 must declare Income Tax. And this must be done within the deadline, which runs until April 29, to avoid fines and other consequences. This is because the statement is an act that demonstrates that you are regularized in relation to the Federal Revenue. However, if you haven't paid attention, find out here what to do if you miss the deadline for your tax return. But first, let's understand what disadvantages you will have.
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The most common consequence is the fine for delay, which is at least R$ 165.74. However, this amount can reach up to 20% of the tax due, as it increases by 1% from the first month of delay. That is, those who pay the tax only in May will pay a higher fine than those who pay late in April.
However, the most drastic consequence is the suspension of your CPF, so that it will display the message “Pending Regularization”. Thus, international travel, passport issuance, work permit, credit card purchases and enrollment in higher education institutions will also be suspended.
Not to mention that the delay in filing may trigger a more thorough investigation into your financial activities. With that, many fall into the famous “fine mesh” and have tax evasion schemes and tax fraud discovered at that time.
In that case, it will be necessary to make the payment, even if late. However, as you have already seen, this implies an additional amount of the late fee. And it is worth mentioning that, over time, this fine can increase a lot.
But, with the payment of the debt, her name leaves the restrictions due to the delay, so that you can return to using your CPF normally and all the other services that need it. Therefore, it is very worthwhile to regularize your situation with the Federal Revenue.
