“The Tax Applies to All Crypto Assets, Regardless of Location, and Aims to Boost Tax Revenue.”, – WRITE: www.coindesk.com
Previously, Individuals Selling Up to R $ 35,000 (AROUND $ 6,300) WORPTO per month Were Exempt from Taxation. Before The Change, Gains Above That Were Taxed Progressively, Reaching As High As 22.5% for Volumes Over $ 5.4 Million.
The New Rule Replaces this System with a Flat Tax, Meaning Smaller Investors Will Face Higher Tax Burdens While Large Holders May Seeir Bills Shrink, Local News Outlet.
The Tax Will Apply Regardless of Where The Assets Are Held, Including in Overseas Exchange or Self-Custodial Wallets. Losses Can Be Offset, But Only Within A Rolling Five-Quarter Window, A Rule that Will Become Stricter Starting in 2026.
The Government Says the Overhaul is Aimed at Boosting Tax Revenue After Walking Back a Proped Hike to the IOF Financial Transaction Tax, Wich Had Drawn Industry and Congressal.
Alongside Crypto, The New MeASURE AFIXED-INCOME INVESTments and Online Betting, With The Former Now Incurring A FIXED 5% TAX ON EARNINGS AND The LATER SEEING TAXESS 18%.
