Brazil’s New Crypto Tax: 17.5% Flat Rate Hits Small Traders, Benefits Big Players
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Brazil has overhauled its crypto tax policy, replacing exemptions and progressive rates with a flat 17.5% levy on all capital gains from digital assets.
The change, effective June 12, eliminates the previous 35,000-real ($6,300) monthly tax-free threshold.
Key implications:
- Small investors now face higher taxes (previously 0% on small trades).
- Large traders could save, as the new rate is lower than the previous 17.5%-22.5% brackets.
The move, part of Provisional Measure 1303, signals Brazil’s tightening grip on crypto taxation—potentially impacting retail participation while simplifying compliance for institutions.
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