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    StartNewsLegislationNew regulation from the Federal Revenue that monitors financial transactions is in effect

    New regulation from the Federal Revenue that monitors financial transactions is in effect; tax lawyer comments

    It is in force, since January 1st, a new standard ofFederal Revenuethat determines a greatermonitoring of bank transactions. The biggest change is the monitoring of transaction data that reach accumulated values equal to or greater than5 thousand reais for individualsand15 thousand for legal entities.

    Atax lawyer Mayra Saitta, of the Saitta Advocacia office, it highlights that the rule does not apply only to a single transaction that reaches this amount. The standard refers to the amount accumulated over the month, made by Pix, credit card, bank transfers, among other means of payment.”

    According to the expert, this requirement aims to increase transparency and control of financial transactions by the government, and it is mandatory

    "The lack of accountability can result in fines and tax issues with the Revenue". Therefore, this is the time for the taxpayer or company to review how they are handling payments or receipts, ensuring that everything is in compliance with the new rules, says Saitta

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