Income tax and Your Options for Real Estate Sale


Income tax is levied on wages starting at R $ 1,787.78, on profits from the sale of real estate, cars, etc., on company profits and on the gain of self-employed workers. The taxpayer of this tax, that is, who pays this tax is divided into: individual (IRPF) and legal person (IRPJ).

Where it goes

The money collected from the Income Tax is used to finance health, education and social programs, such, in addition to other applications such as the agrarian reform plan, family farming programs, construction of popular housing and sanitation and revitalization of degraded areas in cities. You can calculate sales tax and have the best options open now.

Tax on Financial Operations

It is a federal tax, which means that only the Union can impose it. The IOF falls on credit, foreign exchange and insurance transactions, in addition to transactions relating to real estate securities, such as shares. Who contributes (who pays) with this tax will always be the parties involved in each of the operations.

The main function of the IOF is to be an instrument for manipulating the credit, foreign exchange, insurance and real estate values ​​policy.

Where it goes

In practice, the amount collected with the IOF is not linked to a specific activity of rendering services by the State. To put it better: it is yet another tax to assist in the overall collection of the Federal Government, which will then be voted on in the budget by the federal legislature to have its destiny defined.

How to calculate

At the beginning of the year, the government raised the IOF rate from 0.38% to 6.38%, for purchases in foreign currency on prepaid debit cards, on traveler’s checks (traveler checks) or for withdrawals abroad.

Tax on Industrialized Products (IPI)

This tax is charged on both domestic and imported products, affecting the value of everything we purchase as a product. The IPI taxpayers can be the importer, the industrialist, the trader or the buyer.

As there is still a Compensation Fund to the States and Municipalities for their exports exempt from ICMS, the Union transfers 10% of the IPI to the States in proportion to their exports of industrialized products. This value is limited to a maximum of 20% for each State. In turn, each State transfers 25% of what it receives from the Union to the Municipalities, following the same ICMS script criteria.

How to calculate

It is calculated according to the current IPI table. For popular cars (1.0), for example, the IPI rate, which was at 2% until the end of 2019, changed to 3% at the beginning of 2020? It remains so until June 30, 2014, when the government will then assess whether there will be a further increase to 7%, the rate that was in effect before the government determined the IPI reduction in early 2012.

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