A new regulation from the Brazilian Federal Revenue has been in effect since January 1st, imposing stricter monitoring of bank transactions. The biggest change is the oversight of transaction data that reaches accumulated amounts equal to or above 5 thousand reais for individuals and 15 thousand for legal entities.
The tax lawyer Mayra Saitta, from Saitta Advocacia, points out that the rule does not apply only to a single transaction reaching this amount. ‘The regulation refers to the cumulative total throughout the month, made via Pix, credit card, bank transfers, and other payment methods.’
According to the expert, this requirement aims to increase transparency and government control over financial transactions, and it is mandatory.
‘Failure to report may result in fines and tax issues with the Revenue. Therefore, this is the time for taxpayers or companies to review how they handle payments or receipts, ensuring everything complies with the new rules,’ says Saitta.
