Receita Federal Again Denies Tax on Transfers Above R$5,000

Overview

• An official note on Dec. 29 rejects any existing or planned levy on bank transfers or Pix transactions, stating that such taxation is neither proposed nor under discussion.
• The government reiterates that creating or changing a tax would require approval by Congress and that no bill to tax financial movements is being considered.
• From January 2026, monthly earnings up to R$5,000 will be fully exempt from income tax, with relief extended to those earning up to R$7,350.
• A recent Receita instruction tightened fintech reporting to combat illicit flows, raising monitoring thresholds to R$5,000 for individuals and R$15,000 for companies without creating any tax.
• The renewed rumor spread through viral political videos and a now-corrected broadcast claim, prompting Receita to urge the public to rely on official channels and warn that financial panic benefits criminals.