The new Federal Revenue rule that monitors transactions above R$5,000 for individuals via Pix and credit card on cryptocurrency exchanges is now in effect. For legal entities, transactions above R$15,000 will need to be reported.
The new measure came into effect on January 1, 2025 and is provided for in the IRS's Normative Instruction 2,219 of 2024. This means that credit card operators and payment institutions will send financial information to the tax authorities every six months.
According to the Federal Revenue Service, the objective is to monitor even more and prevent fraud such as, for example, not reporting amounts moved and not paying taxes.
[The measures] reinforce Brazil's international commitments, contributing to the fight against tax evasion and promoting transparency in global financial operations, the Federal Revenue Service detailed in a note.
The rule mainly expands the obligation to send information to the Federal Revenue Service through the e-Financeira system, an integral part of the Public Digital Accounting System (Sped). Thus, this system gathers and monitors data on financial transactions, such as registrations, account opening and closing, financial transactions and private pension plans.
Scope of institutions
Previously, the obligation to send data to the IRS fell on public and private banks, credit unions and financial institutions. These institutions already reported information such as account balances, withdrawals, investments and income from financial investments.
Starting this year, the requirement now includes credit card operators and payment institutions. These companies, authorized by the Central Bank, offer services such as transfers, receipts and card issuance. These include digital banks, payment platforms and large retailers, such as department stores and wholesalers.
Limits and periodicity
The new rules determine the sending of information when the monthly amounts moved exceed:
R$5,000 for individuals;
R$ 15 thousand for legal entities.
Data must be reported biannually:
Until the last business day of August, covering the first half of the current year.
Until the last business day of February, covering the second half of the previous year.
In this way, e-Financeira will inform the Federal Revenue Service of transactions above the limits, with payments via Pix or credit cards, starting in August 2025.
The article Transactions over R$5,000 via Pix and credit card are already being monitored by the Federal Revenue Service was seen for the first time on BeInCrypto Brasil.