MEsperanca
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Beware of Lion II!!!
Since the post about the Lion is generating discussion, let's go for a more detailed and specific explanation here for Binance. However, this time I will include that I am not supporting taxes, nor the government, much less telling you that you must declare; it is just an explanation for those who want to declare...
THIS IS NOT TAX ADVICE. CONSULT A SPECIALIST.
Do you invest or trade cryptocurrencies through Binance? Then know: the Federal Revenue is watching, and you have an obligation to declare your crypto assets on your Income Tax – even if you haven't sold anything.
Check the updated step-by-step for 2025:
1. DO I REALLY NEED TO DECLARE EVEN WITHOUT PROFIT?
Yes. If you own more than R$ 5 thousand in cryptos OR made any transaction above R$ 35 thousand/month with profit, you need to declare.
2. WHERE TO DECLARE IN THE INCOME TAX PROGRAM?
• Go to: “Assets and Rights”
Group: 08 – Cryptoassets
Code:
• 01 (Bitcoin)
• 02 (Altcoins, such as Ethereum, Solana, etc.)
• 03 (Stablecoins like USDT, BUSD, PAXG, etc.)
Example of description:
“Cryptocurrency BTC acquired at the Binance exchange, held in a personal account. Purchase made with personal funds.”
Provide:
• Purchase date
• Quantity acquired
• Acquisition value (in reais)
• CNPJ of Binance: 38.255.886/0001-84 (Binance Technology Services LTDA)
3. HOW TO DECLARE GAINS FROM SALES?
If you sold more than R$ 35 thousand in the month and made a profit, you must:
• Calculate the profit (sale value - acquisition cost)
• Pay DARF by the last business day of the following month
• Tax rate: 15% on the profit (up to R$ 5 million)
These gains must be reported in:
“Income Subject to Exclusive/Final Taxation” or in the “Capital Gains” section
4. INTERNATIONAL TRANSACTIONS
Binance operates abroad, so you need to inform:
• Transfers to Binance as “Declaration of Brazilian Capital Abroad (CBE)”, if it exceeds US$ 1 million.
• Also report in the “Assets and Rights” tab that the assets are abroad.
Since the post about the Lion is generating discussion, let's go for a more detailed and specific explanation here for Binance. However, this time I will include that I am not supporting taxes, nor the government, much less telling you that you must declare; it is just an explanation for those who want to declare...
THIS IS NOT TAX ADVICE. CONSULT A SPECIALIST.
Do you invest or trade cryptocurrencies through Binance? Then know: the Federal Revenue is watching, and you have an obligation to declare your crypto assets on your Income Tax – even if you haven't sold anything.
Check the updated step-by-step for 2025:
1. DO I REALLY NEED TO DECLARE EVEN WITHOUT PROFIT?
Yes. If you own more than R$ 5 thousand in cryptos OR made any transaction above R$ 35 thousand/month with profit, you need to declare.
2. WHERE TO DECLARE IN THE INCOME TAX PROGRAM?
• Go to: “Assets and Rights”
Group: 08 – Cryptoassets
Code:
• 01 (Bitcoin)
• 02 (Altcoins, such as Ethereum, Solana, etc.)
• 03 (Stablecoins like USDT, BUSD, PAXG, etc.)
Example of description:
“Cryptocurrency BTC acquired at the Binance exchange, held in a personal account. Purchase made with personal funds.”
Provide:
• Purchase date
• Quantity acquired
• Acquisition value (in reais)
• CNPJ of Binance: 38.255.886/0001-84 (Binance Technology Services LTDA)
3. HOW TO DECLARE GAINS FROM SALES?
If you sold more than R$ 35 thousand in the month and made a profit, you must:
• Calculate the profit (sale value - acquisition cost)
• Pay DARF by the last business day of the following month
• Tax rate: 15% on the profit (up to R$ 5 million)
These gains must be reported in:
“Income Subject to Exclusive/Final Taxation” or in the “Capital Gains” section
4. INTERNATIONAL TRANSACTIONS
Binance operates abroad, so you need to inform:
• Transfers to Binance as “Declaration of Brazilian Capital Abroad (CBE)”, if it exceeds US$ 1 million.
• Also report in the “Assets and Rights” tab that the assets are abroad.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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