New Brazil crypto tax 2025

On June 12, 2025, Brazil introduced a sweeping new cryptocurrency tax law under Provisional Measure 1303.

"It replaces the old progressive tax model with a flat 17.5% crypto tax on all capital gains — no matter how much is earned or where the assets are held. The policy ends the long-standing exemption that allowed individuals to sell up to 35,000 Brazilian reais (~$6,300) in crypto each month tax-free.

This new Brazil crypto tax 2025 applies across the board — whether your assets are held on local or offshore exchanges, in self-custody wallets or even across decentralized finance (DeFi), non-fungible tokens (NFTs) or staking platforms.

All digital asset activities now fall within scope. Tax calculations are made quarterly, and losses can be carried over for up to five previous quarters — a window that will be shortened in 2026."