Starting in 2025, a new regulation established by the Federal Revenue Service will impact how financial transfers made via Pix, among other transactions, are monitored. From now on, transfers exceeding R$5,000 for individuals and R$15,000 for legal entities must be reported to the Revenue by credit card operators and payment institutions, such as payment apps and digital banks. This measure, which entered into effect on January 1st, is part of the Federal Revenue Service's effort to improve control over financial movements in the country.
The new rule was established by RFB Instruction Normative nº 2.219/24, announced last September, and now information must be submitted mandatorily via e-Financeira, the electronic system of the Federal Revenue Service (part of the Digital Public Record System – Sped), already used for collecting data on bank accounts, investments, and private pension plans. With this change, credit card operators and payment institutions will also have to provide this information to the tax authorities, broadening the scope of fiscal oversight.
Informal workers – According to André Felix Ricotta de Oliveira, Professor and Doctor of Tax Law, and Partner at Felix Ricotta Law Firm.With the implementation of these new rules, the Federal Revenue Service will begin receiving information on the amounts informal workers, such as freelancers and independent contractors, receive throughout the month, whether through Pix, PayPal, or other platforms. This will allow the tax authority to verify if the received amounts were properly declared by the taxpayers.
For those earning over R$5,000 per month, there is no longer an exemption. These individuals will now need to file an Income Tax return, and the tax authorities will cross-reference financial transaction information with the declarations," explains Oliveira.
Gains and Donations – Given these new rules, it is essential that taxpayers correctly declare all sources of income to the Income Tax. This includes not only income from employment and capital, but also any other value received, such as benefits, returns, and donations.
In the case of donations received from family members, the value will be subject to the ITCMD rule (Tax on Inheritance and Donation Transmission). Depending on the state, the taxpayer may be exempt from this tax. "It is important for the taxpayer to correctly declare their income sources, avoiding problems with the Federal Revenue," Oliveira adds.
Digital Currency Oversight – Furthermore, the Federal Revenue Agency has also expanded the database of the Public Digital Filing System (Sped) to include information on digital currency transactions and post-paid accounts, further expanding supervision of non-conventional financial transactions.
New regulations – Oliveira also highlights the importance of taxpayers being aware of changes in declaration rules. “The Federal Revenue will begin monitoring a larger volume of financial transactions, and this may lead to a significant increase in audits. Therefore, it is essential that the taxpayer comply with the new legislation and declare all their income sources transparently," concludes the tax lawyer.
