The provisional measure is expected to bring a fixed rate of 17.5% also on gains with cryptocurrencies, which today varies from 15% to 22.5%, but the collection of IOF on operations with stablecoins depends on the approval of the Central Bank, according to Folha de S.Paulo.
The Ministry of Finance is also expected to include cryptocurrencies in the Provisional Measure (MP) that aims to change the taxation of financial investments, with a standardized rate of 17.5%, but is still waiting for the Central Bank's definition, the sector regulator, to implement the possible application of the Financial Operations Tax (IOF) on transactions that characterize foreign exchange, using so-called stablecoins. This information comes from the newspaper Folha de S.Paulo.
The application of the IOF to transactions with stablecoins and other virtual currencies will remain open until the Central Bank concludes discussions from the public consultation aimed at the foreign exchange market. According to the newspaper, the proposal was indicated in an internal presentation by Minister Fernando Haddad during a meeting with the leadership of Congress on Sunday (8), but it has not yet been included in the official suggestions.
