🚨 Invest in Cryptocurrencies? Learn How to Declare in Income Tax and Avoid Problems with the Tax Authority!
If you invest or trade cryptocurrencies like Bitcoin, Ethereum, or any other crypto asset, it is essential to understand how the declaration in Income Tax (IR) works. Even though it is a decentralized market, in Brazil, the Federal Revenue requires that all gains from cryptocurrencies be reported correctly.
💡 Who needs to declare?
All investors who have, at any time during the year, an amount exceeding R$ 5,000 in crypto assets must report it in the "Assets and Rights" section of the annual declaration. Additionally, those who make sales that, when added together, exceed R$ 35,000 in a single month need to calculate and pay tax on capital gains.
💰 How to calculate the tax?
The tax is only levied on the profit obtained from the sale of cryptocurrencies, with a rate ranging from 15% to 22.5%, depending on the amount of the gain. Transactions below R$ 35,000 monthly are exempt, but must be reported.
📑 What documents to keep?
Proof of purchase and sale.
Statements from exchanges.
Calculations of capital gains.
These records are essential to protect yourself in case of audits.
⚠️ And if you don’t declare?
The investor may be fined, have to pay interest, and, in serious cases, be investigated for tax evasion. The Federal Revenue already has mechanisms to monitor transactions on national and international exchanges.
✅ Final tip:
Always consult a specialized accountant or use crypto asset calculation software to ensure your declaration is 100% correct.
👉 Stay alert and turn your investment into a safe and regulated source of income!
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