For 2025, the tax authorities have gained a new tool to combat tax evasion: the monitoring of bank accounts and credit cards. Under IN RFB 2,219/2024 (a Normative Instruction of the Receita Federal, Brazil's federal tax authority), banks and financial institutions will have to report to the Receita Federal whenever a taxpayer's monthly receipts or withdrawals exceed R$5,000 (individuals) or R$15,000 (companies), including transfers (TED and DOC), PIX (Brazil's instant payment system) and even ATM withdrawals.
In addition, credit card companies have also been brought under this oversight. Payment institutions must report transactions under the same thresholds, excluding the fees and charges owed to the card issuer. Credit card oversight was previously carried out through a different return (Decred), which had thresholds of R$2,000 (individuals) and R$5,000 (companies).
All of this monitoring will be carried out through e-Financeira, a return that already sent the tax authorities the balance of bank accounts on December 31 of each year, information used to cross-check data against the Income Tax Return.
In a statement, the Receita said the change does not mean higher taxes for taxpayers. "The data received may, for example, be made available in next year's pre-filled Individual Income Tax return, avoiding discrepancies," the agency stated.
The statement also says that the monthly monitoring will not report the recipients of transfers or the type of transaction (PIX, TED, DOC). Thus, information on financial transactions alone will not make it possible to identify the origin or nature of the spending.
This content reflects the position of GBrasil, based on the regulations in force as of the date of this publication. Please note that any changes to tax legislation or the introduction of new regulations may alter the guidance presented here.
All of this monitoring will be carried out through e-Financeira, a return that already sent the tax authorities the balance of bank accounts on December 31 of each year, information used to cross-check data against the Income Tax Return.
In a statement, the Receita said the change does not mean higher taxes for taxpayers. "The data received may, for example, be made available in next year's pre-filled Individual Income Tax return, avoiding discrepancies," the agency stated.
The statement also says that the monthly monitoring will not report the recipients of transfers or the type of transaction (PIX, TED, DOC). Thus, information on financial transactions alone will not make it possible to identify the origin or nature of the spending.
This content reflects the position of GBrasil, based on the regulations in force as of the date of this publication. Please note that any changes to tax legislation or the introduction of new regulations may alter the guidance presented here.
Source: Buffon & Furlan Advogados Associados - OAB/RS 1.78
