That crypto assets are considered one of the biggest innovations of the last decade, that’s a fact. But what explains the mark of 10 million investors in this type of asset here in Brazil?
For you to have an idea, in B3 that has existed for over a century, we have only a third of this group. Perhaps the possibility of exponential gains has attracted so many people.
According to the report released by Chainalysis, global adoption of cryptocurrencies has grown by more than 880% in the last year. This represents more than 2,300% growth since the third quarter of 2019.
But unfortunately, for lack of knowledge, many investors mistakenly believe that cryptocurrencies are not taxable.
Knowing this, to help all Brazilian investors, we will now explain the rules at the time this article was released. This will help you prepare for your next statement and understand if “the Lion is keeping an eye on your profit.”
According to Brazilian legislation, crypto assets are classified as goods of small value and, for this reason, must be declared in the IR. There are three duties that all crypto investors should consider:
- 1st) Declaration: by Brazilian law, it is mandatory to report and pay the tax on the gains obtained. Regardless of the “size of it”;
- 2nd) Provision of information: The mere declaration of crypto assets does not generate taxation. This is because IN no. 1,888/2019 only establishes the obligation to provide information related to transactions carried out with crypto assets;
- 3rd) Tax Payment: The payment of tax should occur whenever the gains obtained in the disposal (movement) of crypto assets exceeds R$ 35,000. Without the possibility of deduction of injury;
In short, any gain must be declared, however, taxation happens when the movement exceeds R$ 35,000 per month.
It is important to emphasize this point because declaring is different from taxing.
Now that you understand, you’re probably asking yourself, “Okay, but when did this start to count?” Declaring digital assets is a recent requirement of the Internal Revenue Service since 2019, the year in which Normative Instruction No. 1,888 was implemented.
And from there were also defined the tax rates, which progress according to the gain and can reach 22.5%. See the table below:
Last and not least comes the statement itself.
If it wasn’t enough to find accounting professionals who do it perfectly for an acceptable price, many investors would venture to perform the calculations on their own.
Only to help you, and all crypto asset investors, Sencon has launched a tool that does everything automatically.
From the analysis of their positions in multiple brokers, or exchanges as they say in this world, to the calculation for issuing DARFs. (considering interest and fines if you have missed the previous deadlines).
All this in our PREMIUM plan, which for only R$ 49.90 monthly guarantees the calculation of your IR in crypto assets. Also having exclusive support and access to various reports from your crypto wallet.
Click here to take a no-obligation test!
Best of all, for readers of this article, before declaring any operation, you can alsotest the tool to check your tax situation.
Also speaking of the free functionality, where you will check the tax situation of your investments in crypto assets, you will also have:
- Position Report at brokers: presents to the investor what are the cryptocurrencies that are in their portfolios, in each of the synchronized brokers;
- Consolidated portfolio: shows the investor the profit or loss of each currency, making a comparison of the value that the asset was acquired with the value of the current quotation;
- Brokerage fees: the investor has access to the brokerage amount he paid for each of the brokers in the months operated.
For ease, Sencon’s product team has recorded a tutorial to show you how you can make your first access. Watch it now!
MAKE MY FREE REGISTRATION!
To conclude, we would like to remind you that where there are big gains, there are also risks.
By focusing on controlling and taxing your cryptocurrency investments, Sencon leaves you free to do what matters most: make good investment decisions.
Without this stage of the process well done, the risk of paying DARFs at a loss is higher. Since we don’t want this to happen to you, we’re expanding our range of services.
That’s why you can count on Sencon to declare its operations.
Notice:This article has the only informative functionality, does not constitute investment advice or an offer to invest. CriptoFácilisnot responsible for any content, products or services mentioned in this article.
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