Decision Follows Wave of Misinformation and Backlash
Government to Issue Provisional Measure to Ensure Payment System Remains Untaxed.
The federal government has reversed a regulation from the Federal Revenue Service that required detailed reporting of transactions made via PIX. The measure, aimed at strengthening financial oversight and combating crimes such as money laundering, faced criticism over user privacy concerns. With the revocation, the reporting obligations to the tax authorities have been suspended, bringing relief to users and financial institutions.