Crypto Just Got Pricier In Brazil: 17.5% Tax Kicks In

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. Related Reading: […]

Jun 16, 2025 - 03:10

Crypto Just Got Pricier In Brazil: 17.5% Tax Kicks In

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 moving more than R$30 million in a month hit a 22.5% top rate. Now they pay just 17.5%.

Small Traders Face Bigger Bills

Based on reports from Portal do Bitcoin, someone who sold R$30,000 in crypto last month would have owed zero under the old law. Under the new flat rate, that person now owes R$5,250. That’s a steep rise for casual users and hobbyists.