Brazil crypto investors are now subject to a 17.5% tax rate

All crypto investors in Brazil now have to pay tax on their profits after the government removed the tax exemption for small crypto holders. With the move, crypto holders must now pay a flat 17. 5% rate on their monthly profits. The resolution is part of Provisional Measure 1303 from the country’s Ministry of Finance as […] source: https://www.cryptopolitan.com/brazil-crypto-investors-are-now-subject-to-a-17-5-tax-rate/