If you own cryptocurrencies, know that the IRPF 2025 declaration (base year 2024) requires you to correctly report your assets.
See HOW TO FILL OUT your declaration! 👇
🔹 Where to declare?
Cryptocurrencies must be reported in the “ASSETS AND RIGHTS” section, using code 08 – Cryptoassets.
🔹 UPDATED STEP by STEP for IRPF 2025
1️⃣ Access the data from your wallet at #Binance
🔹 Check the balance of each cryptoasset you had on 31/12/2023 and on 31/12/2024.
🔹 Use the ACQUISITION COST, that is, the amount you paid for the purchase of the assets, for filling out the declaration.
2️⃣ In the IRPF 2025 Declaration, go to “ASSETS and RIGHTS”
🔹 Code 08 – Cryptoassets
🔹 Select the correct group:
• 01 – Bitcoin (BTC)
• 02 – Other digital currencies (ETH, BNB, SOL, etc.)
• 03 – Stablecoins (USDT, USDC, DAI, etc.)
• 10 – NFTs (Non-Fungible Tokens)
• 99 – Other cryptoassets not included in the previous codes
3️⃣ Fill in the values according to the dates
🔹 Situation on 31/12/2023 → Report the amount you had in this asset, calculating the total paid for the acquisition of each cryptocurrency up to that date 31/12/2023, regardless of appreciation or depreciation of the asset.
🔹 Situation on 31/12/2024 → Report the total amount spent on acquiring the assets by that date, INCLUDING new purchases made throughout 2024. That is, new purchases within the year 2024 should be added to the amount you reported on 31/12/2023.
🔹 Conversion of values:
According to the Federal Revenue, the values must be reported based on the ACQUISITION COST and not on the quote of 31/12. That is, it does not matter what the asset is worth at the end of the year, but rather how much you paid for the purchase.
🔹 FREQUENT QUESTION: Do I declare all cryptos together or separately?
Each cryptoasset must be declared SEPARATELY, detailing:
✅ Field “Description”
• Name of the cryptocurrency
• Quantity acquired
• Name and CNPJ of the brokerage where the assets are custodied
✅ Field “Situation on 31/12/2023”
• Provide the ACQUISITION COST, that is, the amount paid for the asset, not the market value.
✅ Field “Situation on 31/12/2024”
• Report the updated ACQUISITION COST INCLUDING new purchases (if any), always considering the amount paid and not the appreciation or depreciation.
NOW ATTENTION 👇:
IT WAS TOO EASY UP TO HERE!!!!!
🔹 HOW TO PROCEED If there were SALES of cryptocurrencies throughout the year, for ADJUSTMENT of balances?
I AM DETAILING this scenario for the next post!!!
⚠️ IMPORTANT: The obligation to declare applies only to actual final balances equal to or greater than R$ 5,000.00 per cryptocurrency, that is, each asset must be considered individually to check if it exceeds the limit required by the Federal Revenue.
🔗 Official Source: Federal Revenue (gov.br)
🔗 Read also:
📍 Part 1 – WHO IS REQUIRED TO DECLARE? 🔗 Click here
📑 Records: Keep detailed documentation of all your operations to facilitate accounting with the Federal Revenue.
💡 Stay alert! Tax legislation can change, so keep track of updates or consult an accounting professional.
