In an interview for InfoMoney, our partner Camila Tapias talked about income tax refunds for those who declare their income tax close to the due date.
“The amount to be refunded is updated by the accumulated Selic, counting from the month in which the declaration was submitted until the month prior to the payment. Furthermore, 1% is added in the month the refund is deposited,” says Camila.
Therefore, in practice, the amount will be increased according to the refund lot that the taxpayer will receive. “That amount to be refunded indicated when finalizing the declaration is the gross amount. As the months go by, the amount increases because it is updated by the Selic rate,” she explains.
Read in portuguese: https://www.infomoney.com.br/minhas-financas/por-que-entregar-a-declaracao-perto-do-fim-do-prazo-pode-aumentar-sua-restituicao/amp/
