The funny thing is that we already paid taxes on the money we had and bought clips and now they want from our profit too... bunch of filthy thieves !!
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KLINGER SAN
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AN IMPORTANT POINT. DO I NEED TO DECLARE MY CRYPTOCURRENCIES ON MY INCOME TAX?! Yes, in Brazil, you need to declare your cryptocurrencies on your Income Tax if you have been involved in transactions that reach certain limits. The Federal Revenue Service requires that all taxpayers who own crypto assets, such as Bitcoin, Ethereum, or other digital currencies, report this ownership.
Here are the main points for declaring cryptocurrencies:
1. Limits for declaration
• If you sold more than R$ 35.000 in crypto assets during the year, you will have to pay tax on the profit obtained from the sale.
• If the sales did not exceed this amount, you are exempt from paying taxes, but you still need to report the cryptos in your declaration.
2. Where to declare
• The cryptocurrencies should be reported in the "Assets and Rights Form," with code 99 (Other assets and rights).
• You must report the acquisition value of the cryptocurrencies and the quantity you own.
3. Tax on gains
If you make a profit from the sale of cryptocurrencies, the tax will be calculated based on the capital gain. The rate varies according to the profit amount:
• Up to R$ 5 million: 15%
• From R$ 5 million to R$ 10 million: 17.5%
• From R$ 10 million to R$ 30 million: 20%
• Above R$ 30 million: 22.5%
The exemption applies to sales below R$ 35.000, provided that the total sales in the year do not exceed this amount.
4. Projections for 2026
Regarding the rate for 2026, we do not have exact certainty, as the rates may be adjusted annually by the government. However, it is quite possible that the tax structure remains similar to what we already have, with variations in rates depending on the gain amount.
It is always important to keep up with updates from the Federal Revenue Service and consult a specialized accountant in crypto assets, especially considering that the tax scenario may change over time.
Here are the main points for declaring cryptocurrencies:
1. Limits for declaration
• If you sold more than R$ 35.000 in crypto assets during the year, you will have to pay tax on the profit obtained from the sale.
• If the sales did not exceed this amount, you are exempt from paying taxes, but you still need to report the cryptos in your declaration.
2. Where to declare
• The cryptocurrencies should be reported in the "Assets and Rights Form," with code 99 (Other assets and rights).
• You must report the acquisition value of the cryptocurrencies and the quantity you own.
3. Tax on gains
If you make a profit from the sale of cryptocurrencies, the tax will be calculated based on the capital gain. The rate varies according to the profit amount:
• Up to R$ 5 million: 15%
• From R$ 5 million to R$ 10 million: 17.5%
• From R$ 10 million to R$ 30 million: 20%
• Above R$ 30 million: 22.5%
The exemption applies to sales below R$ 35.000, provided that the total sales in the year do not exceed this amount.
4. Projections for 2026
Regarding the rate for 2026, we do not have exact certainty, as the rates may be adjusted annually by the government. However, it is quite possible that the tax structure remains similar to what we already have, with variations in rates depending on the gain amount.
It is always important to keep up with updates from the Federal Revenue Service and consult a specialized accountant in crypto assets, especially considering that the tax scenario may change over time.
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