Income Tax 2021: how to declare transactions carried out on the stock exchange | Income Tax 2021

Income Tax 2021: how to declare transactions carried out on the stock exchange | Income Tax 2021
Income Tax 2021: how to declare transactions carried out on the stock exchange | Income Tax 2021
  • Learn all about Income Tax

Before starting the declaration, it is important to gather the documents of the operations carried out between January 1, 2020 and December 31, 2020.

The income tax declaration is due until April 30th. The IRS estimates that 32,619,749 declarations will be delivered.

  • Who needs to declare income tax

MAG Seguros Tax Analyst, Fabiana Silva, highlights the step by step for those who will make the declaration.

  • Federal Revenue Collection Document (Darf);
  • Income Tax Statement issued by the broker; and
  • Income reports issued by companies.

Identify operations

Day trade operations (buying and selling paper on the same day) have a different taxation than normal operations (buying and selling on different dates).

After the separation, add up the results of each operation and calculate whether there was profit or loss over the year.

Fabiana remembers that it is always necessary to pay 20% tax on profit in day trade operations. “Then, add everything up to calculate the tax due,” he advises.

  • Understand what Day Trade is – and find out if it is possible to get rich with this type of investment

If it is a normal operation, it is necessary to identify whether there is a need to pay tax. There is no income tax exemption in the months when the total value of shares is below R $ 20 thousand. If this amount is exceeded, the rate will be 15%.

How to complete the declaration

  • Access the field “Exempt and Non-Taxable Income”;
  • Select item 20 for capital gains on shares that do not exceed R $ 20 thousand;
  • In “Type of Beneficiary”, choose “Holder” if you are the investor;
  • In “CNPJ da Fonte Pagadora”, fill in the CNPJ of the financial institution; and
  • In the “Value” field, enter the total sum of your earnings received by the broker.

Income subject to taxation

  • Access the “Variable Income” field;
  • Common Operations / Day-Trade ”;
  • Inform month by month the amount of profit or loss record;
  • Fill in the field “Tax Paid” with the value of the Darfs; and
  • Go to the “Tax Paid / Withheld” tab and fill in the amount withheld each month.

“This information can be found in the auxiliary reports that the broker makes available to its customers”, says Fabiana.

  • Access the field Goods and Rights ”;
  • Select item 31 – Actions;
  • In “Type of Beneficiary”, choose “Holder” if you are the investor;
  • Location (Country);
  • In “CNPJ da Fonte Pagadora”, fill in the CNPJ of the financial institution;
  • Breakdown: specify the number of shares; the name of the company / paper ticker and CNPJ; the broker used for the purchase;
  • Situation on 12/31/2019 and Situation on 12/31/2020;
  • The amount to be filled on 12/31 is the average cost of the shares multiplied by the number of assets; and
  • For each share that the investor has in his portfolio, a different field will need to be filled.

Dividends received from companies are exempt from income tax. They must be declared on the Exempt and Non-Taxable Income form. Just select option 9 – Profits and dividends received by the holder and dependents.

Videos: Learn all about the IR 2021

If the taxpayer does not operate in day trade mode, that is, the purchase and sale of shares does not happen on the same day, there is an exemption for amounts that did not exceed R $ 20 thousand per month.

If it is exempt, it must be completed on the Exempt Income Form. He will put all the exempt part, he will post on that sheet.

In the income tax return, the first field to be filled in will fill in assets and rights in the field. He needs the information from the previous year – if he is already a regular investor on the stock exchange – he will inform the broker’s CNPJ and will detail all the details of the stock he owns.

He will put the balance on December 31 and put the balance in 2020.

The recipe will cross the information with the information of what he paid

Get the latest news delivered to your inbox

Follow us on social media networks

PREV Volkswagen. Name change was just a marketing ploy – Observer
NEXT 15 million doses of J&J vaccine wasted by mistake in the US – Economy