U.S. SECURITIES AND EXCHANGE COMMISSION


                            Washington, D.C. 20549


                                   FORM 8-K


                                CURRENT REPORT


                    Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934


                       DATE OF REPORT: JANUARY 12, 2006


                        TRANSAX INTERNATIONAL LIMITED
              __________________________________________________
       (Exact Name of Small Business Issuer as Specified in its Charter)


                                   COLORADO
                   ________________________________________
             (State or other Jurisdiction as Specified in Charter)


            00-27845                                    84-1304106
                  __________________________________________
    (Commission file number)           (I.R.S. Employer Identification No.)


                       5201 Blue Lagoon Drive, 8th Floor
                               Miami, FL, 33126
                        _______________________________
                   (Address of Principal Executive Offices)


                                 305-629-3090
                             ____________________
                          (Issuer's telephone number)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act  (17
      CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under  the  Exchange Act  (17
      CFR 240.14a-12)
[  ]  Pre-commencement communications  pursuant  to  Rule  14d-2(b)  under  the
      Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4 {copyright}  under
      the Exchange Act (17 CFR 240.13e-4(c))



ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

ON  JANUARY 12, 2006 THE BOARD OF DIRECTORS OF TRANSAX INTERNATIONAL LIMITED, A
COLORADO  CORPORATION  (THE  "COMPANY"),  MADE  A PUBLIC ANNOUNCEMENT AND PRESS
RELEASE  DISCLOSING  MATERIAL NON-PUBLIC INFORMATION  REGARDING  THE  COMPANY'S
RESULTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2005.

THE PRESS RELEASE DATED JANUARY 12, 2006 OF THE COMPANY IS FILED AS EXHIBIT 2.1
TO THIS CURRENT REPORT ON FORM 8-K.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits.

2.1 News Release of Transax International Limited dated JANUARY 12, 2006.



SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused  this  report  to  be  signed  on  its behalf by the
undersigned, hereunto duly authorized.


                                  Transax International Limited


Date:  JANUARY 12, 2006           By:/s/ Stephen Walters
                                  ------------------------
                                  Stephen Walters
                                  President and Chief Executive Officer