Brazil: we work from January 1st to May 29th just to pay taxes!!! How can we progress in a country like this???
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Group Of Investors João 3 16
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Bearish💵This NEWS is jaw-dropping for any Brazilian. What a disappointment from this government 👎👎👎👎👎👎Check out the article!!!
1-Credit card purchases: If you use a credit card to buy cryptocurrencies on Binance, the current IOF of 3.38% applies. This rate is scheduled to decrease annually until 2028. However, any review of this policy by the government could change this timeline.
2-Operations with stablecoins: The Central Bank of Brazil is considering regulating stablecoins, possibly classifying their operations as currency exchange, which would imply the incidence of IOF. A public consultation on the topic has been announced to discuss this possibility.
3-Taxation of crypto assets abroad: As of January 2024, earnings from crypto assets held in exchanges outside Brazil are subject to a 15% Income Tax rate. The government has also expressed an intention to raise this rate to up to 22.5% for all cryptocurrency users, regardless of whether they are on national or international exchanges.
Conclusion: what good can we expect from this misgovernment? Unfortunately, even the money we earn that is already declared for income tax and invested here, they want to tax. Where will we end up like this!! A profit that we all dream of for an improved life, and in this too, they want to suck what little we have left!!
1-Credit card purchases: If you use a credit card to buy cryptocurrencies on Binance, the current IOF of 3.38% applies. This rate is scheduled to decrease annually until 2028. However, any review of this policy by the government could change this timeline.
2-Operations with stablecoins: The Central Bank of Brazil is considering regulating stablecoins, possibly classifying their operations as currency exchange, which would imply the incidence of IOF. A public consultation on the topic has been announced to discuss this possibility.
3-Taxation of crypto assets abroad: As of January 2024, earnings from crypto assets held in exchanges outside Brazil are subject to a 15% Income Tax rate. The government has also expressed an intention to raise this rate to up to 22.5% for all cryptocurrency users, regardless of whether they are on national or international exchanges.
Conclusion: what good can we expect from this misgovernment? Unfortunately, even the money we earn that is already declared for income tax and invested here, they want to tax. Where will we end up like this!! A profit that we all dream of for an improved life, and in this too, they want to suck what little we have left!!
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