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The Central Bank decided to remove Pix keys from individuals and businesses with irregular tax situations, but this doesn’t prevent those who owe taxes from using the payment method.
The BC found that CPFs and CNPJs in certain situations cannot have Pix keys registered in their database.
The discrepancy between CPFs and CNPJs is limited to the registration holder’s identification in the Federal Revenue system.
What do these irregularities signify in Pix?
The Federal Revenue categorizes the mentioned irregularities as stated by “CNN Brazil”.
Social Security Number
Suspension may happen due to inaccurate or incomplete details in the record, which can be rectified to restore normalcy.
Fraud, forgery, or improper use of the document can result in the Justice system deciding on suspension or blocking, which may lead to cancellation.
When the recipe discovers a significant mistake or fraud in the record.
The deceased holder status happens when the CPF registration includes the reported date of death.
Tax identification number
Suspension can happen if the account holder fails to make contributions or misses required statements.
When a company stops sharing data and statements for two years, the document becomes inappropriate.
If the company ceases operations or has its registration revoked by the Federal Revenue, the CNPJ status is classified as “downloaded.”
Occurs when one company has several registration numbers.
Why was this change made by BC?
The Central Bank stated that the modification aims to ensure that the names associated with Pix keys match those recorded in the CPF and CNPJ databases of the Federal Revenue, as required by the financial and payment institutions involved.
The new regulations will make it more difficult for fraudsters to use fake identities in Pix transactions. The Central Bank will monitor participants to ensure compliance and penalize institutions that do not follow the rules.
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