Income Tax: see how to declare INSS payroll and other debts

Loans and debts over BRL 5,000 acquired or paid during 2021 must be reported to the Federal Revenue in this year’s Income Tax. The deadline for submitting the declaration in 2022 ends at 11:59 pm on April 29.

The payroll-deductible loans from the INSS (National Social Security Institute) and even those made between individuals are included in the tax return, in addition to debts with overdraft and credit cards, for example.

To declare, it is important to consult the income report provided by the institutions, banks or creditor companies, which will have the amounts paid and due. “When contacting the company that provided the loan, you must ask for proof of the debt situation at the beginning and end of the declared fiscal year, which is the period that interests the IRS”, says Valdir Amorim, IOB’s tax coordinator .

In the case of loans between individuals, the amount declared by both must coincide, to avoid taxpayers falling into the fine mesh.

Retirees, pensioners and other INSS policyholders can download the Payroll Loan Statement, available on the Meu INSS website and mobile application. The document shows if there are loans discounted directly from the benefit paid by the institute, in addition to the total amount of the loan and its installments, the bank or credit operator that made it, the contract number and the payment term.

• Go to the My INSS website or app and log in
• In the side menu on the left, click on “Statements/Certificates/Declarations” and then on “Consigned Loan Statement”
• Select the benefit in which the loan was taken out
• Access the voucher and download it in “Download PDF”

It is also possible to obtain the document in person, at one of the INSS agencies. The service is only performed for the benefit holder or registered attorney. For this, it is necessary to schedule an appointment through Central 135 or follow the steps below for an in-person appointment:

• Go to the My INSS website or app and log in
• On the left, click on “Schedules/Requests” and then on “Schedule for Withdrawal of Statements”
• Select “Payroll Loan Statement” and click “Next”
• Enter your contact information, such as mobile, landline and email
• Choose the place of service, through the zip code or state and municipality and click on “Consult”
• Select the desired INSS agency for the service, click “Next” and choose the time
• Read the information, select the button “I declare that I have read and agree with the information above” and click “Next” to confirm the service

how to declare

A form must be created for each debt

• On the “Actual debts and encumbrances” tab, select the code of the type of institution that provided the credit. If it is a bank, the option is “11 – Banking and commercial establishment”; in the case of a credit or financing company, option 12 must be selected. For transactions between individuals, the code is number 14.
• In the “Discrimination” field, inform the type of debt, the name and CNPJ of the receiving institution, the number of installments, the debt amount on December 31, 2020 and December 31, 2021 and the amount paid throughout 2021 In the 12/31/2021 field, you must declare how much of the loan was still to be paid on that date. The debt amount should include interest and penalties paid or to be paid, not just the net amount received on a loan, for example. If the debt was contracted during the last year, the amount in December 2020 is BRL 0.

Financing with assets given as collateral and consortia must be informed in the “Assets and Rights” form. In this case, the taxpayer must include the type of asset financed (such as apartments and cars) and the debt situation at the end of 2020 and end of 2021.