Crypto Just Got Pricier In Brazil: 17.5% Tax Kicks In
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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.
Flat Tax Applies To All Investors
According to local reports, the new rule ends the exemption and treats all traders the same. Small‑scale sellers who once paid nothing now owe 17.5% on every gain. Big players could actually save money. Before, anyone…
