Changes in Pix monitoring: how do they affect Brazilians?

The Federal Revenue Service recently announced that it will expand monitoring of transactions via Pix and card, a measure that comes into 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, mainly due to distorted or false news.

Created in 2020, Pix has become the main payment method for Brazilians. A Central Bank survey released at the end of 2024, titled'The Brazilian and his Relationship with Money', shows that the modality has already surpassed cash transactions. Therefore, it is important to emphasize that, since Pix is widely used, any measure that alters it must be carefully considered and also communicated very carefully.

Secondthe financial educator João Victorinothe implemented change does not create any tax charge on Pix. What changes is that transfers above R$ 5,000 for individuals and R$ 15,000 for legal entities are now required to be automatically reported by banks and financial institutions to the Federal Revenue Service, which then has access to more data to help prevent tax evasion.

It is also worth noting that traditional financial institutions – such as public, private, financial, and credit cooperatives banks – were already required to send transaction data to the Federal Revenue. In practice, the list of institutions that need to send information about financial transactions has now been extended to include credit card operators, digital banks, and payment platforms.

João assures that there is no reason to panic. "I realize that the government and authorities are not disseminating information clearly to the population, which is a major problem to be solved. For example, many believe that receiving a Pix above 5,000 reais implies immediate taxation on income tax, which is a lie and only serves to scare people," he clarifies.

At the same time, the specialist confirms that the Federal Revenue will indeed include all the data provided in the pre-filled income tax returns, in order to avoid potential discrepancies. The goal is to curb tax evasion, ensuring that financial institutions, as well as individuals and legal entities, properly account for their obligations.