Crypto Just Got Pricier In Brazil: 17.5% Tax Kicks In

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Brazil’s finance ministry has moved to simplify crypto taxes, swapping a tiered system for a single flat rate. On June 12, Provisional Measure 1303 took effect, scrapping the old break that let residents sell up to R$35,000 (about $6,300) in crypto each month tax‑free. Now, every capital gain from digital assets faces a 17.5% levy. Flat Tax Applies To All Investors According to local reports, the new rule ends the exemption and treats all traders the same. Small‑scale sellers who once paid nothi...