From Coin Telegraph
June 15, 2025 2:57 am:

Brazil has implemented a 17.5% flat tax rate on all capital gains from crypto assets, eliminating previous exemptions. The new rule applies to all investors, regardless of transaction size, and went into effect on June 12. Larger investors may end up paying less taxes under the new system due to the uniform rate.

The tax overhaul also includes self-custody and offshore crypto holdings in the tax regime. Investors can offset losses from previous quarters until 2026, when the deduction window will be restricted. Additionally, fixed income instruments and betting revenue will now incur taxes, following backlash from a failed attempt to hike the Financial Transaction Tax.

Brazilian lawmakers are considering a proposal to allow employers to pay workers partially in cryptocurrencies, such as Bitcoin. Crypto payments cannot exceed 50% of an employee’s salary and full payments are reserved for foreign workers or contractors under specific conditions. Independent contractors can receive full payment in crypto based on contractual agreements.

Read more at Cointelegraph: Brazil Ends Crypto Tax Break, Imposes 17.5% Flat Rate