Brazil’s New Crypto Tax: A Casual Explanation
Brazil just made crypto investing a bit more expensive. They’ve simplified their crypto tax system, ditching the old tiered system for a flat 17.5% tax on all profits. Goodbye, Tax Breaks Previously, Brazilians could sell up to R$35,000 (around $6,300) worth of crypto each month tax-free. That’s gone now. Everyone pays the same 17.5% tax…
