The Federal Revenue announced recently that it will expand the monitoring of transactions via Pix and card, measure that comes into effect this year. However, the new rules for the most popular payment tool in Brazil have generated confusion and raised doubts among a large part of the population, especially due to distorted or false news
Created in 2020, Pix has become the main payment method for Brazilians. A survey by the Central Bank released at the end of 2024, titled'The Brazilian and his Relationship with Money', shows that the modality has already surpassed cash transactions. That's why, it is important to emphasize that, how Pix is widely used, any measure that alters it must be defined with great care and communicated with great caution as well
Secondthe financial educator João Victorino, the implemented change does not create any tax charge on Pix. What changes is that transfers above R$ 5,000 for individuals and R$ 15,000 for legal entities will now have to be automatically reported by banks and financial institutions to the Federal Revenue Service, that then has access to more data to help prevent tax evasion
It is also worth noting that traditional financial institutions – like public banks, private, financial institutions and credit cooperatives – they were already required to send the transaction data to the Federal Revenue Service. In practice, the list of institutions that need to send information about financial operations has now been extended, including credit card companies, digital banks and payment platforms
João assures that there is no reason for panic. "I realize that the government and authorities are not disseminating information clearly to the population", what represents a big problem to be solved. For example, many believe that receiving a Pix above 5 thousand reais implies immediate taxation on income tax, "what is a lie and only serves to scare people", clarifies
At the same time, the specialist confirms that the Federal Revenue will indeed include all the data provided in the pre-filled income tax returns, to make it possible to avoid any potential discrepancies. The goal is to curb tax evasion, ensuring that financial institutions, as well as individuals and legal entities, provide accurate accounts
Changes in Pix monitoring: how they affect Brazilians
