A new regulation has been in force since January 1stFederal Revenuewhich determines a greatermonitoring of bank transactions. The biggest change is the monitoring of data on transactions that reach accumulated values equal to or greater than5 thousand reais for individualsand15 thousand for legal entities.
A tax lawyer Mayra Saitta, from Saitta Advocacia law firm, emphasizes that the rule does not apply only to a single transaction that reaches this amount. "The norm refers to the accumulated amount throughout the month, made by Pix, credit card, bank transfers, among other payment methods."
According to the expert, this requirement aims to increase transparency and control of financial transactions by the government, and is mandatory.
“Failure to provide financial statements can result in fines and tax problems with the IRS. Therefore, this is the time for taxpayers or companies to review how they are handling payments or receipts, ensuring that everything is in compliance with the new rules,” says Saitta.
