The federal government has chosen to revoke the Federal Revenue regulations that were set to introduce new Pix usage rules in 2025 following significant backlash.
This article examines government choices and clarifies the proposed modifications.
What was the government’s decision regarding the new regulations for Pix in 2025?
The federal government and the Federal Revenue decided on January 15, 2025, to cancel the RFB Normative Instruction no 2.219/2024, which had proposed enforcing more stringent regulations for overseeing financial transactions through Pix and other methods.
The website O Globo states that:
The details were verified by the Federal Revenue secretary, Robison Barreirinhas, following a meeting with President Luiz Inácio Lula da Silva at the Palace of the Plateau on Wednesday afternoon.
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The government will issue a provisional measure to ensure that Pix transactions are not taxed, in addition to repealing the Federal Revenue’s Normative Instruction.
They have decided to no longer require reporting detailed transaction and financial balance data directly to the IRS via the e-Financeira platform.
What were the latest regulations set by Pix?
The previous regulation required more thorough monitoring of financial transactions made through Pix, credit cards, and TED transfers. Key obligations included:
- Individuals must report monthly transactions exceeding R$ 5,000.00, while legal entities must report those exceeding R$ 15,000.00.
- Send comprehensive information regarding financial transactions to the IRS.
- Send transactional updates to the accredited party either at the year-end or bond maturity, regardless of whether monthly limits have been met.
Explore our comprehensive article on the Pix updates for 2025.
These regulations were intended to boost transparency and address tax evasion, but sparked significant online and political reactions.
It is crucial to monitor fiscal guidelines and accurately report income and financial transactions despite the decision to revoke.
How can I make the production of process parts more efficient?
What can we expect from Pix in 2025?
Lawyers and professionals in the field must stay vigilant about tax laws and advise their clients on the most effective compliance strategies.
Preparation and knowledge are necessary in order to navigate the regulatory environment effectively.
Reference source
The government backs down and revokes a rule from the Federal Revenue about financial transactions.
