New rules for PIX: professionals need to be aware of possible tax problems

On January 1, 2025, the Federal Revenue Normative Instruction 2219/2024 came into force, determining that financial institutions and credit card operators will be required to report their customers' transactions every six months when the movement exceeds R$ 5 thousand, in the case of individuals (PF); or R$ 15 thousand, when it comes to legal entities (PJ).

These new rules apply both to credit card data and to transactions carried out via Pix.

The Federal Revenue informs that the new measures are aimed at strengthening Brazil's international commitments and combating tax evasion, promoting transparency in global financial operations.

Edna Dias, a lawyer specializing in Tax Law comments on this new rule: “it is important to note that if any of the limits set in the standard are exceeded, institutions must provide information on all annual balances and other global amounts moved monthly, even if for these the monthly sum is lower than the said” limits, he explains.

A case that deserves attention, concerns the liberal professionals. Lawyers, doctors, psychologists, physiotherapists, among others, need to be aware of this new rule. Edna also explains this point: “A psychologist, for example, who makes private consultations that yield more than R$ 5 thousand per month, received from clients via PIX, should issue receipts and inform these values in the Income Tax declaration, because this amount will be reported by the financial institution to the IRS. If the values do not coincide, the agency may notice the divergence of information and assess it, says Edna.

Freelancers and self-employed workers and entrepreneurs also need to be aware of this new rule, as they will need to report revenue on the gains made.

It is important to clarify that the change in the rule does not imply any type of increase in taxation or additional tax, but it means that the Revenue will be more attentive to this type of movement.

“The omission of information can lead the taxpayer to fall into the fine mesh, which implies payment of fines and even more serious crimes, such as tax evasion, for example”, warns Edna.

It is worth remembering that, those who received taxable income above R$ 2,259.21 per month in 2024, need to declare these values in the Income Tax this year. Earnings received as an individual, can be entered in the field “income from other” sources.

For professionals, one option is to pay the lion's carne: “workers who receive income higher than R$ 2,112.00 per month from other individuals can opt for the lion's carne and pay taxes on their earnings every month”, advises the expert.