According to news released by the Federal Revenue Service, on July 19, 2019, Normative Instruction RFB No. 1902/2019 was published, which provides for the submission of the Rural Land Tax Return for the fiscal year 2019.
The aforementioned instruction provides for the deadline of DITR presentation, that Applications will be accepted from August 12th to September 30th, 2019., through the ITR 2019 Program.
The ITR (Rural Land Tax) payment can be made in up to 4 equal, monthly and consecutive installments, with the first installment, or the single payment, due by September 30, 2019.
Taxpayers who fail to submit the aforementioned declaration within the indicated deadline will be subject to a penalty of a fine equivalent to 1% per month, calculated on the total amount of tax due.
* The Rural Land Tax Return (DITR) must be submitted annually by any individual or legal entity that owns, holds title to, or possesses in any capacity, including usufructuary, rural property. The Rural Land Tax (ITR) applies to properties located outside the urban areas of municipalities.
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Source: Federal Revenue Service
News commented on by Jacqueline Margutti, Lawyer, graduated in Law in 2011 by Mackenzie Presbyterian University.
Area of Expertise: Tax Law. Brazilian Bar Association (OAB): 320.845.
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