My vision, folks, is this. If everything is really declared, everyone is arrested in Brazil. From A to Z.

Declaring cryptocurrencies in Brazil is mandatory for anyone who purchased R$5,000 or more in crypto assets in 2023. This must be done in the annual Income Tax return, specifying the type of crypto asset traded, such as Bitcoin or others ¹.

Taxpayers must report the purchase value of the digital currency, not the market value. In addition, it is necessary to calculate the monthly earnings with cryptocurrencies and issue the Federal Revenue Collection Document (DARF) to pay the tax ¹.

The tax rate varies according to the value of the gains:

- Below R$5 million: 15%
- Between R$5 million and R$10 million: 17.5%h
- Between R$10 million and R$30 million: 20%
- Above R$30 million: 22.5% ¹

It is important to declare cryptocurrencies in the "Assets and Rights" form of the Federal Revenue system, using the specific codes for each type of crypto asset $BTC