📢 CRYPTOCURRENCIES in Income Tax 2025 📌 Part 01: WHO IS REQUIRED TO DECLARE?
Do you invest in cryptocurrencies and have questions about the obligation to declare in the Income Tax 2025?
Check out some guidelines from the Federal Revenue Service! 👇
🔹 General Rule:
The declaration of cryptoassets in the "Assets and Rights" section is mandatory WHEN:
The *** ACQUISITION COST *** of an asset is equal to or greater than R$ 5.000,00.
📌 Practical Example:
• ACQUISITION COST: R$ 4.000,00
• Current market value: R$ 10.000,00
• Sales made: None (position held)
❓ In the example above, DO I NEED TO DECLARE?
Answer: NO!
Since the ACQUISITION COST was LOWER than R$ 5.000,00, the Revenue does NOT require this asset to be included in the declaration.
⚠️ However…. The Recommendation:
🔗 Official Source: Federal Revenue Service
"Although it is not mandatory, it is advisable to declare all cryptoassets, regardless of the acquisition value, to maintain tax transparency and avoid possible future inquiries."
🔗 Read also:
📍 Part 2 – How to declare in the "Assets and Rights" section
📍 Part 3 – How to ADJUST the balance of 32/12/2024 in the "Assets and Rights" section
💡 Stay alert! Tax rules may change, so keep up with updates or consult a accounting professional.