🚨 BEARISH: Brazil Ends Crypto Tax Exemption, Enforces 17.5% Flat Tax on All Gains

The rules just changed - Brazil has officially killed its crypto tax exemption and introduced a flat 17.5% tax on all digital asset gains, no matter the size or source. 

🔻 Old Rule: Up to R$35K ($6.3K) monthly = tax-free, Above that = progressive tax (15%–22.5%)

 ⚠️ New Rule:

No more exemptions. Flat 17.5% tax across the board. Applies to self-custody and offshore wallets Kicks in starting June 12. This move hits retail hardest - small investors now lose their buffer. But ironically, wealthy traders benefit, since the previous top bracket hit 22.5%.

Also impacted: Real estate & agribusiness bonds (LCIs/LCAs, CRIs/CRAs), Online betting profits (taxed at 18%), Fixed-income assets, once untouchable, now taxed.

Quarterly filing required, with a 5-quarter loss carryforward (shrinking in 2026). This is part of Brazil’s wider push to tighten fiscal policy, modernize tax enforcement, and go after untapped revenue from crypto adoption. Meanwhile, lawmakers are still debating Bitcoin salaries (limited to 50% of income for citizens).

Bottom line: Crypto in Brazil just got less friendly for retail This is a global trend. Tax clarity is coming. Be prepared. #Brazil #BrazilCryptoTax #Bitcoin2025 #CryptoMarketWatch #CryptoMarketNews