If we win they tax us, if we lose they don't replace it lol what a bunch of suckers

🦁 Is the Brazilian Federal Revenue Service preparing to tax the DEFI world?💸What is your opinion on a possible 25% tax on the DEFI market?🤑

The Brazilian Federal Revenue Service (RFB) has been intensifying its efforts to regulate and tax operations in the decentralized finance (DeFi) universe. In November 2024, the RFB published the draft Normative Instruction that institutes the Crypto Asset Declaration (DeCripto), intended to replace IN RFB No. 1,888/2019. DeCripto expands the scope of information to be reported, including operations carried out on DeFi platforms, such as loans, staking, and swaps. The proposal is aligned with the OECD's Crypto Asset Reporting Framework (CARF), aiming to increase tax transparency and the international exchange of information. 

In addition, the RFB has issued specific guidelines on the taxation of income from DeFi operations. In June 2024, it was clarified that income obtained through temporary assignment of crypto assets, such as staking or loans, is subject to exclusive taxation at source by Income Tax, with rates ranging from 15% to 22.5%, depending on the term of the investment. These measures reflect the RFB's concern in adapting tax legislation to innovations in the crypto asset market, ensuring tax compliance for taxpayers involved in DeFi operations.