The deadline for companies, banks, and public agencies to submit the income report for the 2025 Income Tax ends this Friday, February 28. This document is essential for taxpayers to correctly fill out their income tax declaration.

The Federal Revenue has not yet published the official calendar for this year's Income Tax submission, but based on previous deadlines, it is expected that the declaration submission period will occur between March and May 2025.

What is the Income Report?

The income report is a document provided by payment sources, containing information about the amounts received by the taxpayer throughout the year. It is essential for ensuring that the Income Tax declaration is made accurately, avoiding mistakes and potential issues with the Federal Revenue.

This document can be made available both in printed and digital form, through platforms such as e-CAC (Virtual Service Center of the Federal Revenue), the Meu INSS app, or directly in banking systems for clients with financial applications.

Who must provide the income report?

The income report must be delivered by the following entities:

• Companies to their employees and service providers;

• Banks and brokerage firms, in the case of investment income;

• National Institute of Social Security (INSS) for retirees and pensioners;

• Other public agencies for their employees.

If the income report is provided digitally, the company or institution is exempt from providing the printed document. However, if there is non-compliance with this obligation, the payer may be penalized with a fine of R$ 41.43 for each document not delivered.

What information is included in the income report?

The document includes the following data:

• Information from the payer and the beneficiary (CNPJ, CPF, full name);

• Taxable income, such as salaries, vacations, and social security contributions;

• Exempt and non-taxable income, including profits and dividends;

• Income Tax Withheld at Source (IRRF), if applicable;

• Contributions to private pension plans and other financial benefits.

How to access the INSS income report?

Retirees and pensioners can obtain their income report through the Meu INSS portal or the INSS app by following these steps:

1. Access Meu INSS;

2. Click on "Log in with Gov.br" and sign in;

3. Go to the "Other Services" tab and click on "See More";

4. Select "Income Tax Statement";

5. Choose the calendar year 2024;

6. Download the document in PDF.

   

Who must declare the Income Tax in 2025?

The Federal Revenue will officially announce the rules for who must file the 2025 Income Tax, but based on the criteria from the previous year, the following must declare:

• Those who had taxable income above R$ 30,639.90 in 2024;

• Those who owned assets valued at over R$ 800 thousand until December 2024;

• Investors with investments above R$ 40 thousand;

• Those who made capital gains from selling assets or rights;

• Those who conducted transactions on the stock exchange.

Currently, taxpayers with an average monthly income of up to R$ 2,259.20 in 2024 are exempt. However, there is a government proposal to raise the exemption threshold to R$ 5 thousand, a measure that still needs to be approved by the National Congress.

Conclusion

The income report is an essential document for the Income Tax declaration and must be submitted by February 28. Companies, banks, and public agencies need to ensure the availability of information to their employees and clients to avoid fines and issues with the Federal Revenue.

If you are a business owner and wish to maintain your company's tax compliance, Beorange can help you organize documents, prepare the declaration, and avoid mistakes that could lead to fines. Contact our specialists and ensure peace of mind in your tax management!