Millions Miss Brazilian Tax Deadline, Facing Penalties

Millions Miss Brazilian Tax Deadline, Facing Penalties Brazil's May 30th deadline for 2025 income tax returns has passed, leaving millions of taxpayers scrambling to avoid penalties. The Federal Revenue Service reported that while 43.3 million declarations were submitted on time, a significant number – approximately 2.9 million – missed the cutoff. This represents a considerable portion of those legally obligated to file. "The deadline has passed and those who didn't file are subject to fines," stated Fernanda Fialho, a presenter on g1, a leading Brazilian news outlet. These fines start at R$165 and can increase to 20% of the tax owed, potentially leading to further complications like difficulty enrolling in educational institutions or obtaining a passport. The Federal Revenue Service estimates that a total of 46.2 million declarations were expected by the deadline. The g1 video urges those who missed the deadline to file their returns as soon as possible to mitigate the financial repercussions.