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Click here to understand the Federal Revenue notice and the crucial information for those whose refund has not yet been processed
Last week, the Federal Revenue paid the final installment of the Income Tax refund. Therefore, today (02), it issued a crucial notice on its digital platforms aimed at those who did not receive the government payments.
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The Federal Revenue may flag a taxpayer for further review, resulting in the refund not being received. Therefore, the agency is warning individuals to correct incorrect information and prevent fines from being imposed.
To check whether your tax return was flagged for further review, you can access the e-CAC portal and look for the “My Income Tax” option. Then, simply select the return for the 2022 base year and check whether there are any inconsistencies.
Federal Revenue flags 3.1% of tax returns
According to data released by the Federal Revenue, this year the institution received 43.4 million Income Tax returns. Of that number, 1.3 million (that is, 3.1%) were flagged for further review and require correction in some item.
According to the assessment, more than 50% of the errors are related to mistakes in tax deductions, especially regarding medical expenses (58.1%). In addition, there are cases of taxpayers who omitted some income or whose declared amounts differ from the amounts withheld at source.
Taxpayers who fail to make the necessary corrections to their information with the Federal Revenue Service will be subject to a fine. In this scenario, the amount is 75% of the tax due, plus adjustment based on the Selic rate.
How can the issue be resolved?
Individuals held up in the tax net have the option of submitting an amended return, correcting errors in the previous submission. This procedure takes place online, through the same system used to submit the original return. In more serious situations, the Federal Revenue Service will summon taxpayers to provide explanations.
In the latter case, the citizen must provide the documents requested by the agency to validate the information in the declaration. Therefore, submitting an amended declaration is not permitted. The documents may be submitted online or in person at a Federal Revenue Service unit.
