The Brazilian Federal Revenue Service published in the Federal Official Gazette last Tuesday (15/01/2025) the revocation of RFB Normative Instruction No. 2,219/24, which regulated the new rules on e-Financeira. As a result, the rules previously in force, including those relating to e-Financeira (IN No. 1,571/2015) and DECRED (IN No. 341/2003), will take effect again immediately.
IN RFB No. 2,219/2024 determined the discontinuation of DECRED and established the obligation to report financial transactions every six months, including transactions carried out via PIX, not only for traditional financial institutions, but also for Fintechs, such as payment institutions. The latter were not previously subject to this requirement. The obligation applied to transactions exceeding R$5,000 for individuals and R$15,000 for legal entities.
Previously, only traditional financial institutions, such as banks, credit unions and finance companies, were responsible for sending this information to the IRS. According to the agency, the expansion of monitoring was aimed at improving oversight and increasing efficiency in the country's financial operations.
In the face of the negative repercussions generated by the measure, marked by concerns that it could intensify surveillance of informal workers and make it possible to "tax" PIX, the Federal Government opted to revoke IN RFB No. 2,219/2024.
As a result of this repeal, the government published Provisional Measure No. 1,288/2025, which reinforces the gratuity and confidentiality of transactions made via PIX, prohibits the charging of additional fees for payments made by this means, equating PIX with cash transactions, and establishes clear rules for data protection and the privacy of financial information.
BTLAW, through its Tax Consultancy division, has a team prepared and experienced to provide additional information on this subject.
For more details, please contactconosco:tributarioconsultivo@btlaw.com.br.
