Crypto Just Got Pricier In Brazil: 17.5% Tax Kicks In
Brazil’s finance ministry has moved to simplify crypto taxes, swapping a tiered system for a single flat rate. On June 12, Provisional Measure 1303 took effect, scrapping the old break that let residents sell up to R$35,000 (about $6,300) in crypto each month tax‑free. Now, every capital gain from digital assets faces a 17.5% levy. https://preview.redd.it/8sy0qj61977f1.jpg?width=591&format=pjpg&auto=webp&s=c0c50cbb9305d9ae30f831d580de6130793b9e26 submitted by /u/anonymous-casino-888 [link] [comments]
| | Brazil’s finance ministry has moved to simplify crypto taxes, swapping a tiered system for a single flat rate. On June 12, Provisional Measure 1303 took effect, scrapping the old break that let residents sell up to R$35,000 (about $6,300) in crypto each month tax‑free. Now, every capital gain from digital assets faces a 17.5% levy. [link] [comments] |
