Crypto Tax Changes in Brazil: A New Challenge for Traders đ¸đ§đˇ
Brazilian traders, have you seen the recent news about personal income tax (IRPF)? Itâs toughâany profits from transactions (spot or swap) on Binance will now be taxed at 15%. On top of that, tracking profits for each asset and recording every trade has become a massive burden, especially for those who make smaller trades. While I love Binance, Iâm seriously considering switching to a national brokerage, where profits up to R$5000 per month are tax-exempt. Anyone else feeling the same frustration? Itâs a hard pill to swallow. đ