On January 1, 2025, Normative Instruction 2219/2024 of the Federal Revenue Service came into effect, determining that financial institutions and credit card operators will be required to report their customers' transactions on a half-yearly basis when the movement exceeds R$5,000, in the case of individuals (PF); or R$15,000, in the case of legal entities (PJ).
These new rules apply to both credit card data and transactions carried out via Pix.
The Federal Revenue Service informs that the new measures aim to reinforce Brazil's international commitments and combat tax evasion, promoting transparency in global financial operations.
Edna Dias, a lawyer specializing in Tax Law, comments on this new rule: “it is important to point out that, if any of the limits established in the rule are exceeded, institutions must provide information regarding all annual balances and other global amounts moved monthly, even if the monthly sum for these is less than the aforementioned limits”, she explains.
A case that deserves attention concerns freelance professionals. Lawyers, doctors, psychologists, physiotherapists, among others, need to be aware of this new rule. Edna also explains this point: "A psychologist, for example, who conducts private consultations that earn him more than R$ 5,000 per month, received from clients via PIX, must issue receipts and report these amounts in the Income Tax return, as this amount will be reported by the financial institution to the Federal Revenue. If the amounts do not match, the agency may notice the discrepancy and fine you," says Edna.
Freelancers, self-employed workers and entrepreneurs also need to be aware of this new rule, as they will need to report the earnings they have obtained to their income.
It is important to clarify that the change in the rule does not imply any type of increase in taxation or additional tax, but it does mean that the IRS will be more attentive to this type of movement.
“Omitting information can lead the taxpayer to fall into the fine mesh, which implies paying fines and even more serious crimes, such as tax evasion, for example”, warns Edna.
It is worth remembering that those who received taxable income above R$ 2,259.21 per month in 2024 need to declare these amounts in the Income Tax this year. Earnings received as an individual can be entered in the "other income" field.
For self-employed professionals, one option is to pay the carnê-leão: “workers who receive income above R$2,112.00 per month from other individuals can opt for the carnê-leão and pay taxes on their earnings every month”, advises the specialist.
