๐ง๐ท *What Does the Brazilian Federal Revenue Require?* ๐ง๐ท
If youโre a Brazilian taxpayer and have invested in *cryptocurrencies* in 2024, *pay attention* to the latest requirements for your *2025 Income Tax Declaration*. ๐
Hereโs what you need to know:
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*Key Points You Need to Know*:
๐ฐ *Threshold for Declaration*:
The Brazilian Federal Revenue *requires all individuals* who have purchased *R$5,000 or more* in *cryptoassets* to *declare* them in their *2025 Income Tax*.
๐ *Categories Matter*:
The obligation applies *by category of cryptoasset*. For instance, if you bought *R$5,000 in Bitcoin* and *R$2,500 in Ethereum*, you are only required to declare *Bitcoin* in your tax return since it surpasses the threshold.
๐ก *Optional Declaration for Smaller Amounts*:
If your purchases are *below R$5,000*, you *donโt have to* declare them โ itโs optional.
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*Important Details for the Declaration*:
๐ต *Declare in Reais (BRL)*:
Always declare *cryptoassets in Brazilian reais*. Make sure you declare the *purchase value* (the amount you actually paid) and *not the current market value*.
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*Letโs Talk About ETH and WETH* ๐๐
Now, if youโre holding *ETH* or *WBETH*, youโll need to be aware of these rules too! With *ETH up 8.08%* to *R$2,040.79* and *WBETH performing well*, you should ensure you keep track of your investments and follow the correct declaration process. ๐
โ
*BTC Update*:
- *Bitcoin* (BTC) is up *4.22%*, now sitting at *R$85,276.87*. ๐ฐ
Stay on top of your crypto reporting and make sure youโre prepared for the tax season! ๐งพ๐ก
