Changes in Pix monitoring: how do they affect Brazilians?

The Brazilian Federal Revenue recently announced that it will expand monitoring of transactions made via Pix and credit cards, a measure that will take effect this year. However, the new rules for Brazil’s most popular payment method have caused confusion and raised doubts among much of the population, largely due to distorted or false news.

Launched in 2020, Pix has become the main payment method for Brazilians. A Central Bank survey published at the end of 2024, titled “The Brazilian and Their Relationship with Money”, shows that the method has already surpassed cash transactions. Therefore, it is important to emphasize that, since Pix is widely used, any changes to it must be carefully considered and communicated with great caution.

According to financial educator João Victorino, the implemented change does not introduce any new tax on Pix transactions. What changes is that transfers above R$5,000 for individuals and R$15,000 for businesses must now be automatically reported by banks and financial institutions to the Federal Revenue, which then gains access to more data to help prevent tax evasion.

It’s also worth noting that traditional financial institutions—such as public and private banks, finance companies, and credit unions—were already required to send transaction data to the Federal Revenue. In practice, the list of institutions that must report financial operations has now been expanded to include credit card operators, digital banks, and payment platforms.

João assures that there is no reason for panic. ‘I notice that the government and authorities are not communicating information clearly to the public, which is a major issue that needs to be resolved. For example, many believe that receiving a Pix transfer above 5,000 reais triggers immediate income tax withholding, which is a lie and only serves to scare people,’ he explains.

At the same time, the expert confirms that the Federal Revenue will indeed include all provided data in pre-filled income tax returns to prevent possible discrepancies. The goal is to curb tax evasion, ensuring that financial institutions, as well as individuals and businesses, report their finances correctly.