Brazil rural property tax declaration period begins for 2026

The deadline for submitting the 2026 Rural Territorial Property Tax (ITR) declaration began on August 10 and runs until September 30. According to the Department of Rural Economy (Deral) of the Secretariat of Agriculture and Supply (Seab), the tax is self-declaratory, meaning producers are not strictly required to use the values provided in regional statistical tables, such as the SIPT table.

While these tables serve as a regional average reference to help reduce the risk of tax inconsistencies and audits, the declared Bare Land Value (VTN) must reflect the actual market price of the specific property as of January 1, 2026. Producers are advised to calculate the VTN by segregating the property into different plots based on agricultural suitability, such as good, medium, or restricted crops, as well as pasture, silviculture, and preservation areas.

Factors such as location, logistics, relief, soil quality, and access should influence the valuation. If a producer declares a value significantly different from the public reference, they should maintain a professional appraisal report to justify the discrepancy and avoid potential penalties, interest, or additional tax charges from the Federal Revenue.