Definition, Meaning & Synonyms

IRPF

Noun

ee-air-peh-efe

Definition

IRPF stands for ‘Imposto de Renda da Pessoa Física’, which translates to ‘Income Tax for Individuals’ in English.

Examples

The IRPF is a crucial part of Brazil’s tax system.
All residents are required to submit their IRPF declarations on time to avoid penalties.
Many people seek the help of an accountant when preparing their IRPF forms.

Meaning

IRPF is a tax imposed on the earnings of individuals in Brazil, including wages, salaries, and other income sources. It is used to fund public services and government expenditures.