Brazil Sets Flat 17.5% Tax on Crypto Profits, Ending Exemption for Smaller Investors

Brazil has scrapped a long-standing tax exemption on cryptocurrency gains, with a new provisional measure (MP 1303), imposing a 17.5% tax on all crypto profits for individuals.Previously, individuals selling up to R$35,000 (around $6,300) worth of crypto per month were exempt from taxation. Before the change, gains above that were taxed progressively, reaching as high as 22 source: https://www.coindesk.com/markets/2025/06/14/brazil-sets-flat-175-tax-on-crypto-profits-ending-exemption-for-smaller-investors