Starting from 2025, a new regulation established by the Federal Revenue will impact the way financial transfers made via Pix, among other transactions, will be monitored. From now on, transfers exceeding R$ 5,000 for individuals and R$ 15,000 for legal entities must be reported to the Revenue by credit card operators and payment institutions, like payment apps and digital banks. The measure, that came into effect on January 1st, it is part of the Federal Revenue's effort to improve control over financial transactions in the country
The new rule was established by Normative Instruction RFB No. 2.219/24, announced in September of last year, and now the information must be sent mandatorily via e-Financeira, the electronic system of the Federal Revenue that is part of the Public Digital Bookkeeping System (Sped), already used for collecting data from bank accounts, investments and private pension. With the change, credit card companies and payment institutions will also have to provide this information to the tax authorities, expanding the scope of oversight
Informal workers – According toAndré Felix Ricotta de Oliveira, professor doctor in Tax Law and partner at Felix Ricotta Law Firm, with the implementation of these new rules, the Federal Revenue will start receiving information about the amounts that informal workers, as freelancers and self-employed individuals, receive throughout the month, whether by means of Pix, PayPal or other platforms. This will allow the tax authorities to verify if the amounts received have been properly declared by the taxpayers
"For those who receive more than R$ 5,000 monthly", from now on, there is no more exemption. These people will have to file the Income Tax, and the Tax Authority will cross-reference the financial transaction information with the declarations, explain Oliveira
Earnings and donations – In light of these new rules, it is essential that the taxpayer correctly declares all sources of income on the Income Tax. This includes not only the earnings from work and capital, but also any other amount received, as income, income and donations
In the case of donations received from family members, the value will be subject to the ITCMD rule (Tax on Transmission Cause Mortis and Donation). Depending on the state, the taxpayer may be exempt from this taxation. It is important for the taxpayer to correctly declare their sources of income, avoiding problems with the Federal Revenue Service, adds Oliveira
Regulation of digital currencies – Furthermore, The Federal Revenue Service also expanded the database of the Public Digital Bookkeeping System (Sped) to include information on transactions in digital currencies and postpaid accounts, further expanding the oversight of financial transactions conducted in an unconventional manner
New regulations – Oliveira also highlights the importance of taxpayers being aware of changes in declaration rules. The Federal Revenue will start to monitor a larger volume of financial transactions and this may lead to a significant increase in oversight. Therefore, it is essential that the taxpayer complies with the new legislation and declares all their sources of income transparently, finalizes the tax advisor
