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Brazil new taxation if approved ends exemption on cryptos operations totaling 35 thousand in 1 month.
#Tradersleague Before the MP, the income tax rate on crypto assets was scaled from 15% to 22.5%, with exemption for operations totaling less than R$ 35,000 in a month. Now, all investors in this type of asset will pay 17.5% on capital gains and the exemption for those trading less than R$ 35,000 disappears.
The provisional measure published by the government on Wednesday night (11) brings significant changes to the taxation of investments, notably the end of the income tax exemption on profits obtained with cryptocurrencies. The proposal establishes a single rate of 17.5% on gains with digital assets, ending the current rule that exempts operations of up to R$ 35,000 per month.
The provisional measure published by the government on Wednesday night (11) brings significant changes to the taxation of investments, notably the end of the income tax exemption on profits obtained with cryptocurrencies. The proposal establishes a single rate of 17.5% on gains with digital assets, ending the current rule that exempts operations of up to R$ 35,000 per month.
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