Ricardo R R Maciel
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Income Tax on Crypto AND NOW?
Well, the truth is that Brazil already has Income Tax on cryptocurrencies, which ranged from 15% to 27% and was exempt if you earned less than 35k in a year.
Now let's talk about this tax:
Brazil is not the first to do this, and it may seem unbelievable, but it is not in the top 10 of the highest rates; don't let the government know, but some countries like Japan charge up to 50% if you earn more than 6k.
There are some alternatives for this, but I do not advise tax evasion, as there are several ways for the government to identify your transactions.$BTC
Well, the truth is that Brazil already has Income Tax on cryptocurrencies, which ranged from 15% to 27% and was exempt if you earned less than 35k in a year.
Now let's talk about this tax:
Brazil is not the first to do this, and it may seem unbelievable, but it is not in the top 10 of the highest rates; don't let the government know, but some countries like Japan charge up to 50% if you earn more than 6k.
There are some alternatives for this, but I do not advise tax evasion, as there are several ways for the government to identify your transactions.$BTC
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