Crypto Tax Changes in Brazil: A New Challenge for Traders ๐ธ๐ง๐ท
Brazilian traders, have you seen the recent news about personal income tax (IRPF)? Itโs toughโany 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, Iโm seriously considering switching to a national brokerage, where profits up to R$5000 per month are tax-exempt. Anyone else feeling the same frustration? Itโs a hard pill to swallow. ๐
