🇧🇷 Brazil Ends Crypto Tax Break – 17.5% Flat Rate Now Applies

Brazil has officially removed tax exemptions for crypto traders, introducing a flat 17.5% tax on all gains. The new rule applies to both self-custody wallets and offshore holdings, eliminating previous benefits for small traders.

The change aligns with broader efforts to regulate digital assets and boost tax revenue. Authorities aim to close loopholes and ensure all crypto transactions are reported and taxed uniformly.

Traders must now declare profits from crypto sales, regardless of the amount. Failure to comply could result in penalties or audits. The move follows global trends of increasing crypto taxation.

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