Brazil has changed its tax rules for crypto users. Starting June 12, all profits made from buying and selling crypto will be taxed at a flat 17.5% rate, no matter how much or how little you trade.
🪙 What Changed?
Before this change, small traders didn’t have to pay taxes if they made less than 35,000 Brazilian reals (about $6,300) per month in crypto sales. Bigger profits were taxed in levels — from 15% up to 22.5%, depending on how much was earned.
Now, everyone pays the same 17.5%. That means:
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Small investors now have to pay tax.
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Rich investors might actually pay less tax than before if their trades were taxed above 17.5% under the old system.
🔒 Self-Custody and Offshore Crypto Also Taxed
This new law also targets:
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Crypto held in your own wallet (self-custody).
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Crypto held in other countries.
So if you store your Bitcoin yourself or use offshore accounts, you're still taxed.
Taxes will now be counted every 3 months, and if you lose money, you can deduct those losses — but only for up to 5 previous quarters. Starting in 2026, that time window will become shorter.
🏦 More Than Just Crypto Is Affected
This new tax law isn’t just about crypto. It also adds taxes to:
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Real Estate and Agribusiness bonds, which used to be tax-free – now taxed at 5%.
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Online betting income, which went from 12% to 18% tax.
🧾 Why Is Brazil Doing This?
Brazil’s government is trying to raise money by taxing the financial market. Earlier, they tried to increase the Financial Transaction Tax (IOF), but that plan was rejected by Congress. So now, they’re focusing on crypto and other assets instead.
💰 Bitcoin Paychecks Could Be Coming
In March, lawmakers suggested a new idea: letting companies pay salaries partly in Bitcoin or other crypto.
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Regular workers could get up to 50% of their salary in crypto.
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Foreign workers and contractors might get 100% in crypto — but only if they agree to it in a contract and the Central Bank allows it.
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All crypto salary payments must use official exchange rates set by approved financial institutions.
✅ Final Take
Brazil's government is getting serious about taxing crypto. While this means more taxes for small traders, it may bring more clarity and structure to the crypto market. And with Bitcoin salaries on the table, crypto is clearly becoming a bigger part of Brazil’s economy.
Disclaimer: This article is only for
information and not financial advice. The opinions shared here may be the
writer’s personal views. Please do your own research before making any
investment choices. We are not responsible for any money you may lose.
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