The Federal Revenue Department recently announced that it will expand monitoring of transactions via Pix and cards, a measure that takes effect this year. However, the new rules for Brazil’s most popular payment tool have caused 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 means of payment for Brazilians. A survey by the Central Bank released at the end of 2024, titled ‘The Brazilian and their Relationship with Money,’ shows that the modality has already surpassed transactions in cash. Therefore, it is important to reinforce that since Pix is widely used, any change affecting it must be carefully defined and also announced with caution.
According to financial educator João Victorino, the implemented change does not impose any tax on Pix. What changes is that transfers above R$5,000 for individuals and R$15,000 for legal entities must now be automatically reported by banks and financial institutions to the Federal Revenue, providing more data to help prevent tax evasion.
It is also worth noting that traditional financial institutions – such as public and private banks, financial companies, and credit cooperatives – were already required to send transaction data to the Federal Revenue. In practice, the list of institutions that need to provide information about financial operations has now been extended to include credit card operators, digital banks, and payment platforms.
João ensures there is no reason for panic. ‘I notice that the government and authorities are not clearly communicating the information to the population, which is a significant issue to be addressed. For instance, many believe that receiving a Pix above R$5,000 implies immediate taxation in income tax, which is a falsehood and only serves to scare people,’ he explains.
At the same time, the expert confirms that the Federal Revenue will indeed include all the data provided in the pre-filled income tax declarations, enabling the prevention of potential discrepancies. The aim is to curb tax evasion, ensuring that financial institutions, as well as individuals and legal entities, are held accountable properly.
