overall income
Total taxpayer income calculated in the tax year to which the declaration refers. Includes wages, pensions, provision of services, etc.
Specific deductions
Specific deductions are deductions made from overall income. For employees, the amount is fixed.
recoverable losses
Taxpayers with negative results, for example, investors or landlords, may seek to recoup the loss in the following year’s IRS.
taxable income
Yield obtained by the difference between overall (gross) income and the sum of specific deductions, recoverable losses, rebates and income deductions.
Exempt earnings included to determine the Rate
Among this type of income are those of those who work for diplomatic missions or under cooperation agreements.
family quotient
Divide the income by the number of taxpayers. In the case of married people or those in a de facto union who opt for the joint declaration, the income is divided by two.
Determined amount and portion to be deducted
Importance of the rate calculated based on the total income, varying according to the taxpayer’s income (the higher, the higher the rate).
Tax relating to autonomous taxation
It is applied to those who opt for autonomous taxation of certain income. Instead of these being added to the rest to determine the fee to be applied, a single and definitive fee is charged.
total collection
Amount that the taxpayer would have to pay even without deductions or withholdings.
Collection deductions
Amount of all IRS-deductible expenses (for example, health or education expenses).
municipal benefit
It is the percentage that municipalities return IRS revenue.
Additions to collection
Penalty value applied to taxpayers who withdraw in advance amounts invested in investments with tax benefits, for example, a Retirement Savings Plan (PPR).
net collection
Final amount that the taxpayer has to pay to the IRS.
payments on account
Amounts paid by self-employed workers who, in previous years, did not make sufficient withholding tax.
withholding tax
Amount retained when earning income.
calculated tax
Importance of tax calculated based on net collection, withholdings and payments made on account.
Interest on retention-savings
Interest to be paid by the State in case of excessive collection in the previous year.
