📜 Complete Guide: How to Declare Cryptocurrencies on Income Tax in Brazil 💰

The cryptocurrency market 🚀 is increasingly popular in Brazil, attracting thousands of investors looking for financial innovation. But along with the profits 🤑 comes the responsibility of correctly declaring your crypto assets to the Federal Revenue Service.

Want to avoid tax problems? Check out this practical guide on how to declare your cryptocurrencies in your Income Tax! ✅

1. 📂 Cryptocurrencies in Brazil: What Does the Federal Revenue Say?

For the Federal Revenue Service, cryptocurrencies are "digital assets" 🖥️, and not currencies or securities. Therefore, they must be reported in the “Assets and Rights” form on the Income Tax, with the code corresponding to each type of asset.

2. 🤔 Who Needs to Declare?

You must declare your cryptocurrencies if:

Your total assets (including crypto assets) exceed R$300,000 💵;

Made transactions above R$35,000 in one month, generating taxable capital gains 📈;

Made a profit from sales or trading of crypto assets, regardless of the amount.

3. 📝 How to Declare Cryptocurrencies on Income Tax?

3.1. “Assets and Rights” form

Code: Use specific codes, such as "82 - Bitcoin" or "89 - Other crypto assets" 🔢.

Description: Enter the name of the cryptocurrency (e.g. Ethereum), quantity purchased, date and purchase price. Include the name of the exchange or platform used 🏦.

Value: Declare the purchase value in reais, based on the exchange rate at the time of purchase, and not the current value.

3.2. Capital Gain

If you sold cryptocurrencies at a profit, calculate the tax due:

🧮 Use the Federal Revenue program to calculate earnings above R$35 thousand/month.

💸 The rate varies from 15% to 22.5%, depending on the amount of profit.

3.3. “Exempt and Non-Taxable Income” Form

For sales below R$35,000/month, declare the profit on this form as exempt income.

4. 📑 Important Documents

Keep everything organized to make filing easier:

Proof of purchase/sale 📜;

Transaction reports provided by exchanges 📊;

Tax payment receipts, if you have already paid your income tax 💵.

5. 💡 Essential Tips

1. Regularity: Even if you haven't traded anything during the year, include your cryptocurrencies in your total assets 🗂️.

2. Automation: Use tools like Cointracking and Koinly to consolidate your transactions and calculations 📉.

3. Professional Help: Consult an accountant who specializes in digital assets to make sure everything is in order 👨‍💼.

6. ⚠️ What Happens If You Don't Declare?

Failure to declare or omit information may result in:

Fine of up to 20% on the tax due 🛑;

Risks of legal penalties 📛.

Avoid headaches! Regularize your tax situation to maintain peace of mind and invest with confidence.

Conclusion 🎯

Declaring cryptocurrencies on your Income Tax may seem complicated, but it is essential to avoid problems with the IRS. 💼 In addition to complying with the law, you strengthen the credibility of the crypto market in Brazil.

Binance is here to help! 💪 Use our reporting and tools to manage your transactions with ease and transparency. Be part of an increasingly robust financial ecosystem! 🌟