Brazil plans to propose a new cryptocurrency tax bill, which aims to be taxed as stocks and capital instruments rather than commodities
2024-04-05 02:51:45
Brazil is planning a new bill involving a personal investment tax that will propose changing the tax status of cryptocurrencies, allowing them to be taxed at variable exchange rates like stocks and capital instruments. According to proposals to be submitted to Congress in the coming days, cryptocurrency investors will be required to pay 15% of cryptocurrency business revenue. The amendment to this law is expected to be implemented in 2025, but Congress needs to pass the law that has been in place for over a year.
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