Enter your taxable earnings and deductible annual expenses to compare which Individual Income Tax (IRPF) regime generates the lowest tax payable or highest refund.
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When filing your Annual Income Tax Return, you can freely choose the taxation regime that is financially more beneficial. Both forms are valid:
This is the ideal option for those who do not have many deductible expenses (single individuals, without children, who do not have significant private school or medical expenses).
This is the recommended option for those who have registered dependents, spend on private schools and colleges, undergo frequent medical treatments, or invest in private pension plans (PGBL).
No. Private pension plans of the VGBL type do not allow deducting contributions from the taxable base of the Income Tax. Only contributions to PGBL (Pension Plan) offer this tax deferral benefit.
To deduct medical expenses, it is mandatory to have receipts, invoices, or payment proofs containing the name, CPF or CNPJ of the service provider (doctor, clinic, or hospital) and the CPF of the beneficiary (holder or dependent). Keep these documents for at least 5 years, as the Revenue Service may request them in case of a tax audit.
No. Expenses with medications purchased at pharmacies, even with a medical prescription, are not deductible. Similarly, language courses (English, Spanish), preparatory courses for college entrance exams, gym memberships, and textbooks do not qualify as education expenses under the IRPF tax legislation.