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Brazil just changed the game for crypto taxes. Starting June 12, everyone pays a flat 17.5% tax on digital asset profits—big or small.
Old Rules, New Rules
Before, Brazilians could sell up to R$35,000 (around $6,300) in crypto each month tax-free. Big whales paid between 15–22.5%. Now? Everyone pays 17.5%.
This new rule is part of Provisional Measure 1303. It’s the government’s way of plugging tax holes and boosting revenue.
Winners and Losers
Small-time traders? They’re hit hardest.
Millionaire investors? Oddly enough, they might pay less than before. The uniform rate benefits high-volume players.
No Wallet Left Behind
The tax man is coming for all wallets. Self-custody? Taxed. Offshore accounts? Also taxed.
Taxes are calculated every three months. Got losses from previous quarters? You can deduct them—but only going back five quarters. From 2026, that window shrinks.
And It’s Not Just Crypto
Other assets are now fair game. Previously untaxed investment tools like LCAs, LCIs, CRIs, and CRAs now face a 5% tax. Even betting income goes from 12% to 18%.
Why This Now?
A plan to raise the IOF (Financial Transaction Tax) got rejected hard. This tax update is Brazil’s plan B.
Oh, and Bitcoin Salaries?
Yep, lawmakers are talking about letting companies pay part of salaries in crypto. But only up to 50%, and only under strict rules. Foreign workers and contractors? They can get paid 100% in crypto—if they follow the rules.
Footing:
Self-custody = You hold your crypto in your own wallet, not on an exchange.
Offshore holdings = Assets kept in another country.
LCA/LCI, CRI/CRA = Brazilian fixed-income instruments.
