Tax Will Have To Be Paid On Crypto Income In Brazil

<h1 class="d-none">15% Tax Will Have To Be Paid On Crypto Income In Brazil</h1> <h2 class="d-none">Cryptocurrency Income Will Be Subject To Tax In Brazil</h2> 15% Tax Will Have To Be Paid On Crypto Income In Brazil

The Brazilian Senate has approved a new income tax regulations. Which is likely to be implemented from January 1, 2024.

According to income tax regulations, now Brazilian citizens will have to pay 15% tax on income from crypto on international exchanges.

Brazilian citizens earning more than $1,200 from international exchanges and investment funds will have to pay this tax.