WHAT DOES THE BRAZILIAN FEDERAL REVENUE REQUIRE?
The Federal Revenue requires that all individuals who have purchased an amount equal to or greater than R$ 5,000 in cryptoassets in 2024 must declare these cryptoassets in the Income Tax for 2025.
The obligation, however, is valid by category of cryptoasset. This means that if a person has purchased R$ 5,000 in bitcoin and R$ 2,500 in ethereum, for example, only the declaration of bitcoin is mandatory.
For taxpayers who have purchased smaller amounts in virtual currencies, the declaration of cryptocurrencies is optional.