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LULA GOVERNMENT ANNOUNCED THAT IT WILL INCREASE TAXES TO 22.5% FOR ALL BITCOIN USERS IN BRAZIL
After creating a tax of up to 15% for Bitcoin and cryptocurrencies on exchanges outside Brazil (Offshore Law), which has already been incorporated by the Federal Revenue Service in this year's annual income tax declaration, President Luiz Inácio Lula da Silva (PT) announced that he will increase taxes for all cryptocurrency users.
According to the government, the proposal is not to create a new tax, but to further increase rates for users who own crypto assets.
The government's idea is to 'close in' on those who are using crypto assets to avoid paying Income Tax (IR).
The Lula government intends for this rule to be applied to cryptocurrency investments in Brazil and, therefore, will make tax evasion more difficult, since exchanges operating in the country are required by IN 1888 to report all user transactions to the Federal Revenue Service, which has already revealed that it cross-references the data of all crypto holders with other data received by the institution.
Government technicians are still debating whether there will be a minimum rate for the 22.5% tax or whether it will be applied to all cryptocurrencies.
In addition, there are also disagreements about when the tax should be levied, whether 'on transactions with cryptocurrencies (crypto/crypto or crypto/fiat)' or whether the user will be taxed only for owning a specific amount of cryptocurrencies, even if he or she does not trade with them.
Finance Minister Fernando Haddad will include the proposal in a new Bill that will be sent to the National Congress to change the taxation of financial investments.
#Binance #ethereum #bitcoin #bnb #solana
After creating a tax of up to 15% for Bitcoin and cryptocurrencies on exchanges outside Brazil (Offshore Law), which has already been incorporated by the Federal Revenue Service in this year's annual income tax declaration, President Luiz Inácio Lula da Silva (PT) announced that he will increase taxes for all cryptocurrency users.
According to the government, the proposal is not to create a new tax, but to further increase rates for users who own crypto assets.
The government's idea is to 'close in' on those who are using crypto assets to avoid paying Income Tax (IR).
The Lula government intends for this rule to be applied to cryptocurrency investments in Brazil and, therefore, will make tax evasion more difficult, since exchanges operating in the country are required by IN 1888 to report all user transactions to the Federal Revenue Service, which has already revealed that it cross-references the data of all crypto holders with other data received by the institution.
Government technicians are still debating whether there will be a minimum rate for the 22.5% tax or whether it will be applied to all cryptocurrencies.
In addition, there are also disagreements about when the tax should be levied, whether 'on transactions with cryptocurrencies (crypto/crypto or crypto/fiat)' or whether the user will be taxed only for owning a specific amount of cryptocurrencies, even if he or she does not trade with them.
Finance Minister Fernando Haddad will include the proposal in a new Bill that will be sent to the National Congress to change the taxation of financial investments.
#Binance #ethereum #bitcoin #bnb #solana
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who in their right mind would want to pay taxes "voluntarily" ??
they really mock the reasoning ability of Brazilians
they really mock the reasoning ability of Brazilians
The Recipe now wants to act like a YouTuber – they are asking for "Super Chat"! What does that mean? 🤷♂️
While many are trying to "unsubscribe" from this Channel, using the Theory of Flags to seek more freedom, there are still the "anachronistic buffalos" who insist on being robbed voluntarily.
While many are trying to "unsubscribe" from this Channel, using the Theory of Flags to seek more freedom, there are still the "anachronistic buffalos" who insist on being robbed voluntarily.
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I blocked 77 FDUSD... I hope that in the pre-sale there is some value... if not, once again it will be that disappointment in relation to these tiny projects
$BIO Launchpool Harvest Time will ends in 3 Hours.
I Locked 5 $FDUSD 7 days ago and I got very low amount 0.04 Bio till now.
Everyone Share their Number of BIO coins and Locked amount.
#BIO
I Locked 5 $FDUSD 7 days ago and I got very low amount 0.04 Bio till now.
Everyone Share their Number of BIO coins and Locked amount.
#BIO
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Hey Bybit!
Richard Teng
--
2024 has been a tremendous year for crypto and for Binance, and no better way than starting 2025 with our 21st global regulatory milestone.
Binance is now a licensed broker-dealer institution in Brazil, such an important achievement for this relevant market. We are also on the forefront, and have become the first crypto exchange to hold a broker-dealer license in LatAm's most populous nation, reflecting our continuous efforts with the responsible and sustainable development of the Web3 industry and rising adoption in Brazil and globally.
Vamos juntos, Brasil! 🇧🇷
Binance is now a licensed broker-dealer institution in Brazil, such an important achievement for this relevant market. We are also on the forefront, and have become the first crypto exchange to hold a broker-dealer license in LatAm's most populous nation, reflecting our continuous efforts with the responsible and sustainable development of the Web3 industry and rising adoption in Brazil and globally.
Vamos juntos, Brasil! 🇧🇷
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Dude, I have a sinister ShadowBan, I made a comment on someone's post, the guy's post is on the Binance Square timeline active, and I received this message that I was blocked, that my comment contains political content and blah blah blah... 🤭😂😂😂😂😂
Dare to talk about leftists... You will be canceled forever!!
Dare to talk about leftists... You will be canceled forever!!
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🤭😁😂😂 leftists are filth
The irony of leftists in the crypto world: they fight against inequality, but they keep buying NFTs worth millions. What's the point of being consistent, right?
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Binance has a censorship policy that has become ridiculous. All you have to do is say something about this communist government in Brazil and they will take down the post... remembering that they are all Chinese communists... thinking about criticizing the Ching Ling government is a discarded hypothesis... that's how it has been in Brazil, democracy is a thing of the past.
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It seems like someone here doesn't understand anything about economics, doesn't know what the interest rate is...😂🤭
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sell everything and buy only BTC
Guys, I started in the market 2 weeks ago, this is my portfolio, what do you think? If anyone can give me investment tips, I'm open to learning.
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If you don't know, change your password, because they are trying to make a transfer 😂😂
Help me, I don't know why this message appears.
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neither of them 😂😂 leave it on "EARN" it will earn you some interest
Good morning everyone. I'm new to Binance.
Is it better to leave the money in the spot wallet or the funds wallet?
Is it better to leave the money in the spot wallet or the funds wallet?
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I've already taken so many STRIKEs from Binance Square that I'm even afraid to move up a position🤭😂😂
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🤭😂😂😂 is this what I pay internet for? (scream!!)
I'm the only one who doesn't have faith in this man, everything he touches goes bankrupt.
a spoiled millionaire, in other words an heir.
a spoiled millionaire, in other words an heir.
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GAS rate
I have almost 8k when I go to sell it only shows 7.5k, why is this happening?
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the leftists will take down your post in 3.2.1...🤭😂😂
I thought it would only reach R$ 7 in mid-2025.
But it seems I underestimated the capacity of our government.
Shall we celebrate on New Year's Eve?
But it seems I underestimated the capacity of our government.
Shall we celebrate on New Year's Eve?
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Central Bank auctions US$3 billion on Thursday to secure dollar
After the dollar closed at R$6.26, the highest nominal exchange rate in history, the Central Bank (BC) announced yet another intervention in the exchange rate to support the currency. The monetary authority auctioned US$3 billion of its international reserves on Thursday (19), with no commitment to repurchase the funds later.
According to a statement issued by the Central Bank on Wednesday night (18), the monetary authority will hold the auction between 9:15 and 9:20 am, shortly after the market opens. On Wednesday, when it did not interfere in the exchange rate, the dollar rose 2.82%, influenced by the delay in the vote on the fiscal package and the indication by the Federal Reserve (Fed, the US Central Bank) that it may make fewer interest rate cuts in the United States in 2025.
According to a statement issued by the Central Bank on Wednesday night (18), the monetary authority will hold the auction between 9:15 and 9:20 am, shortly after the market opens. On Wednesday, when it did not interfere in the exchange rate, the dollar rose 2.82%, influenced by the delay in the vote on the fiscal package and the indication by the Federal Reserve (Fed, the US Central Bank) that it may make fewer interest rate cuts in the United States in 2025.
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With politicized media, do you think they would tell the truth? Inflation and interest rates are not manipulable, but information is. Do you seriously believe that?
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Why do you see Brazilians defending the current government that is against investments, passive income, crypto assets, etc... and at the same time they have a Binance account🤡, then you can see the intellect of these people
How we Brazilians are discriminated against here! Almost every day some Lol from another country speaks badly of us, always saying that we are bad investors.
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Because the Government of Love ❤️ prohibited it
Can someone answer my question?
Every time I try to create a wallet it says it is restricted in my region.
Does anyone know why?
Every time I try to create a wallet it says it is restricted in my region.
Does anyone know why?
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