Does this hold true?
đ What does the Federal Revenue Service say (Official Source):
đ Normative Instruction RFB No. 1,585/2015 â Art. 22:
"Income tax is exempt on gains obtained from the sale of low-value assets, whose total sales in the month of realization is equal to or less than R$ 35.000,00, in the case of shares traded over-the-counter, and R$ 20.000,00, in the case of the sale of shares traded on stock exchanges, as well as any other asset or right."
đž Cryptocurrency is classified under the category of âany other asset or right.â
âïž Therefore, it is exempt up to R$ 35 thousand monthly.
đŠ About foreign brokers:
It does not matter where the asset is located. The criterion is:
Individual taxpayer residing in Brazil.
If you live in Brazil and sell an asset (crypto, property, car, stocks abroad, gold, etc.) â the exemption rules apply equally, whether in Brazil or abroad.
đ Confirmation from the Revenue Service â Questions and Answers IRPF 2024 (Cryptocurrency Chapter):
â "The sale, exchange, or liquidation of cryptocurrencies, regardless of whether it occurs on exchanges based in Brazil or abroad, constitutes a transfer and is subject to the same capital gains calculation rules applicable to other assets and rights of any nature."
âïž In other words, the exemption of R$ 35 thousand applies normally, even when operating on Binance Global or any other foreign broker.
đ„ Direct conclusion, with no room for doubt:
â If you sell less than R$ 35.000 in the month (in reais, at the exchange rate on the day of the sale), the profit is exempt â whether on Binance, Coinbase, Kraken, Bybit, or any other exchange abroad.
Does this hold true?
