Income Tax Declaration ends this Friday (30); 7 million have not yet submitted

The deadline for submitting the 2025 Personal Income Tax return ends this Friday (30). As of this morning, more than 39 million taxpayers had already submitted the document, according to the Federal Revenue Service.

The agency expects to receive 46.2 million declarations by 11:59 p.m. This means that around 7 million people still need to settle their accounts with the tax authorities.

Experts warn that, even when faced with difficulties, such as missing documents or doubts when filling out the form, it is essential to submit the declaration within the deadline, even if incomplete. The taxpayer can later make the necessary corrections, but with one important restriction: the chosen model — simplified or complete — cannot be changed after the deadline.

Taxpayers who miss the deadline are subject to a minimum fine of R$165.74, even if they have no tax to pay. When there is tax due, the fine is 1% per month or fraction of the amount due, and can reach up to 20%. In addition, the CPF may be considered irregular, which can cause problems in obtaining credit, issuing a passport or participating in public examinations.

Of the total number of declarations expected this year, 59% are expected to have tax refunds, while 21.7% of taxpayers will have to pay. Taxpayers who fall into at least one of the following situations are required to declare in 2025:

• Received taxable income (such as salaries or pensions) above R$33,888 in 2024;
• Had exempt, non-taxable or exclusively taxed income at source (such as savings or FGTS) above R$200,000;
• They made a profit from the sale of assets, such as real estate, subject to the tax, or who used the exemption when purchasing another residential property within 180 days of the sale;
• They sold shares on the Stock Exchange worth more than R$40,000, even if exempt, or made a profit from the sale, which was subject to taxation;
• They held, until December 31, 2024, possession or ownership of assets or rights, including bare land, totaling more than R$800 thousand;
• Received gross revenue from rural activities above R$169,440 or wanted to offset losses from previous years;
• They started living in Brazil in 2024 and were still in the country until December 31;
• They chose to declare assets in offshore accounts or were holders of trusts or foreign contracts;
• They declared an update of the value of properties with lower taxes, in accordance with legislation approved in December 2024;
• They received income from financial investments abroad or profits and dividends from companies controlled outside the country.

Taxpayers who are entitled to a refund will be able to receive it starting this Friday (30), when the Federal Revenue Service pays the first batch, which totals R$11 billion and benefits 6.2 million people.

The remaining four batches will be released between June and September, always on the last working day of each month.

This Friday (30) also marks the end of the deadline for those who wish to change the taxation model between the simplified discount and legal deductions, and for those who intend to make donations directly in the declaration.

Taxpayers must be careful to avoid future problems. Filing your tax return late or with errors can result in your CPF being blocked, tax collection being withheld, and prevent access to basic services. The Federal Revenue Service provides all the information and guidelines for submitting your tax return correctly on its official website .