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The Federal Revenue Service goes beyond expectations! Financial transactions via PIX and credit cards are now in the tax authorities' sights. With new rules in force, financial data will be monitored to combat fraud. Find out what this means for your finances and how to prepare for the new scenario.
Did you know that even your PIX and credit card transactions can be closely monitored?
The Federal Revenue Service, known for its strictness in combating tax evasion, has taken a step forward and implemented a new rule that promises to revolutionize the way we monitor our finances.
The big change could directly impact the daily lives of millions of Brazilians. But what exactly is at stake? Keep reading and understand how this new development can affect your relationship with money.
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What changes with the new Federal Revenue rule?
The new guideline, valid since January 1, 2024, was established by Normative Instruction 2.219 / 2024 of the Federal Revenue Service.
With it, the government expands financial monitoring through the electronic system e-Financial, part of the Public Digital Accounting System (Sped).
Previously, banks and credit unions were already required to send detailed information about financial transactions.
Now, this requirement extends to new institutions, including credit card operators and electronic payment institutions.
The main objective, according to the Federal Revenue Service, is to collect more data and have greater control over financial transactions to combat fraud in income tax returns.
What data will be monitored?
The main types of information collected include:
- Current account balances;
- Financial transactions, such as redemptions and investments;
- Income from savings and financial investments;
- Payments made via PIX and credit cards.
In addition, data must be sent every six months by financial institutions, card operators and electronic payment companies authorized by the Central bank.
These companies include digital banks, payment applications and even large retailers that offer financial services.
Who will be impacted?
for individuals, monitoring applies to anyone who moves more than R $ 5 thousand per month. In the case of legal entities, the limit is R $ 15 thousand per month.
This information will be sent to the Federal Revenue system on the following dates:
- August: information regarding the first half of the year;
- February: information from the second half of the previous year.
This means that, for example, data from transactions via PIX or credit cards made in 2024 will only reach the IRS in August 2025.
This frequency ensures that all relevant movements are duly recorded and analyzed.
Is PIX really being monitored?
PIX, popular for its agility and lack of fees for transfers between individuals, is one of the main targets of this monitoring. According to experts, the tool has been widely used by both citizens and companies, which makes it essential in the monitoring process.
For the Federal Revenue Service, the use of PIX goes beyond simple bank transfers. It is a powerful source of data that can help identify discrepancies in tax returns and tax fraud.
What do the experts say?
According to tax law and fintech experts, the new rule raises privacy concerns, but is also seen as a necessary measure to combat tax fraud.
“Stricter control of financial transactions is a global trend. Brazil is following a path that has already been adopted by several countries, such as the United States, where the tax authorities have detailed access to banking data,” explains economist Rodrigo Mendes.
However, critics warn of the risk of excesses and the need to protect personal information.
“It is crucial that this data is used exclusively for tax purposes, without violating citizens’ privacy rights,” says lawyer Ana Paula Castro.
What does this mean for you?
If you move significant amounts of money each month, whether as an individual or legal entity, it is important to take extra care when declaring your income.
Using PIX or a credit card for transactions that exceed the limits set by the Federal Revenue Service may attract the attention of the tax authorities, especially if there are discrepancies between what you declare and what you move.
Keep track of your transactions and keep your records organized. If you have any questions, consult an accountant or financial expert to ensure that your statement complies with the law.
