Brazilian

Brazilian Lawmakers Approve 15% Tax for Cryptocurrencies on Offshore Exchanges

Leave a Comment / Brazilian, Lawmakers / Admin

The Brazil Senate has approved new rules that will mandate locals to pay up to 15% tax on income generated from cryptocurrencies on offshore exchanges. According to a live recording from the Federal Senate, the new rule applies to crypto users with assets worth more than R$6,000 ($1,200) on all offshore exchanges. Brazilian Crypto Users […]

Brazilian Lawmakers Approve 15% Tax for Cryptocurrencies on Offshore Exchanges Read More »

Brazilian Senate OKs ‘15% Crypto Tax Rate’

Leave a Comment / Brazilian, Senate / Avery Clarkson

Source: karlavidal/Adobe Brazilian senators have voted in favor of a bill that proposes taxing crypto tax profits earned on overseas crypto platforms at a fixed rate of 15%. Per the parliamentary website and a report from Brazil’s Livecoins, lawmakers “seriously amended” the bill to ensure no loopholes were included. Should the bill become law, users

Brazilian Senate OKs ‘15% Crypto Tax Rate’ Read More »