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Keep an eye out! Federal Revenue Service issues warning about the use of Pix and credit cards; understand

Written by Alisson Ficher
Published 22/01/2025 às 16:30
PIX record. (Image: reproduction)
PIX record. (Image: reproduction)

The Federal Revenue Service's monitoring of Pix and credit cards is back in the spotlight with the revocation of new rules. Learn how transactions are controlled, the amounts that require reporting, and how this may impact you. Find out what changes with the government's decision and how to ensure the privacy of your financial transactions.

Earlier this year, the Brazil found itself in the midst of a controversial debate about the monitoring of financial transactions carried out via Pix and credit cards.

Although the proposal to expand control over these operations was revoked, the discussion generated uncertainty among consumers and experts.

What are the current rules? How does the system affect your pocket? And, most importantly, what do you need to know to avoid surprises?

Soon after the government's withdrawal from the proposal, which provided for greater inclusion of fintechs and other institutions in monitoring, the topic left many questions in the air.

In this article, we will reveal how the Federal Revenue Service's inspection system works on Pix and credit cards, the impacts of the new proposals — and their subsequent revocation — and what changes in consumers' lives.

What is financial monitoring?

Since 2001, the monitoring of financial transactions in Brazil has been governed by Complementary Law 105, which establishes rules for reporting banking transactions.

The initiative's main objectives are to combat tax evasion and prevent financial crimes, such as money laundering.

All transactions that exceed certain value limits must be reported to the IRS.

The limits for these operations are as follows:

  • Physical weights: transactions above R$2.000,00;
  • Legal entities: transactions above R$6.000,00.

These values ​​may change according to changes in tax legislation.

Financial institutions are responsible for consolidating and reporting this information, but consumers' banking secrecy is preserved, except in cases of judicial determination.

How does Pix monitoring work?

Created in 2020 by central bank, Pix revolutionized payments in Brazil with its immediacy and simplicity.

However, like other payment methods, Pix is ​​subject to tax monitoring rules.

Transactions carried out via Pix that exceed the defined limits must also be reported to the IRS.

Unlike transfers such as TEDs and DOCs, Pix allows for low-value transactions in real time, which increases convenience but also requires greater attention from users.

Despite this, the system does not request detailed information about the origin of the funds or the type of payment, ensuring a level of privacy.

Proposal for expansion of control and revocation

In 2025, the government proposed including fintechs and payment platforms, such as Mercado Pago and PagSeguro, in the financial transaction reporting process.

The measure was received with concern by consumers and experts, who pointed out risks of increased surveillance and impact on economic freedom.

The revocation of the proposal was announced after intense debates. According to the government, the idea would bring excessive costs to the financial sector and affect market dynamics.

Thus, the system returned to operating under the previous rules, concentrating the reporting of transactions in banking institutions.

Impact on consumers

For Pix and credit card users, the revocation of the proposal did not significantly change their daily lives.

Operations continue to be monitored only within the limits already established.

The main guidance for consumers is to remain attentive to transaction values ​​to avoid unwanted reports.

Despite this, the practical impact is limited, since financial institutions are responsible for sending information to the tax authorities.

Privacy guarantee

Even with monitoring, banking secrecy remains guaranteed by law. This means that consumer data cannot be disclosed without judicial authorization.

This legal protection ensures that, although the government has access to the information necessary for oversight, individual privacy is preserved.

Final considerations

Financial monitoring in Brazil has the main objective of ensuring transparency and combating illicit practices.

Although the recent attempt to expand control was revoked, the rules in force remain effective for monitoring the financial system.

For consumers and companies, understanding these rules is essential to avoid tax problems and ensure the safe use of tools such as Pix and credit cards.

Are you aware of the rules governing your financial transactions? Leave your opinion in the comments!

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Alisson Ficher

Journalist graduated in 2017 and working in the field since 2015, with six years of experience in print magazines, stints on broadcast TV channels and over 12 online publications. Specialist in politics, jobs, economics, courses, among other topics. Professional registration: 0087134/SP. If you have any questions, want to report an error or suggest a topic on the topics covered on the site, please contact us by email: alisson.hficher@outlook.com. We do not accept resumes!

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