On 07/26/2022, the Normative Instruction No. 2095 of 2022 (“IN 2095/22″) was published, which establishes the deadline from August 15 to September 30, 2022 to file the for delivery of the Rural Real Estate Tax Return ( so called ” DITR”) for individuals or legal entities required to submit it, as well as the main rules and information to be provided to Brazilian Internal Revenue Service.
In general, DITR should be filed by individuals or legal entities, that owns, has the right to use and enjoy the property, usufructuary except for immunity and exemption holders. DITR should also be filed by individuals or legal entities that lost possession of the rural property or the right of ownership by the transfer or incorporation of the rural property to expropriator between January 1, 2022 and the date of filing of the DITR.
The declaration must be prepared using a computer through the ITR Tax return Generator Program for the year 2022 (ITR 2022 Program), available on the Brazilian Internal Revenue Service website at https://www.gov .br/receitafederal/pt-br .
For reporting purposes, it is important to highlight the need to comply with the “Valor da Terra Nua – VTN” published by the tax authorities, which must be used for the purposes of calculation basis, as well as the possibility to be used as reference for capital gain calculation.