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In 2025, attention to tax compliance has become even more important, especially as requirements for reporting digital asset transactions expand.

Who Is Required to Declare Cryptoassets?

The obligation to report cryptoassets depends on several criteria established by the Federal Revenue Service:

1. Asset Ownership

Taxpayers who, on December 31, 2024, held cryptoassets with an acquisition cost of R$ 5,000 or more per type of asset must report them in the “Assets and Rights” section of the Income Tax Return.

2. Capital Gains

Anyone who sold cryptoassets and realized profits exceeding R$ 35,000 in a single month must calculate and pay capital gains tax.

3. Foreign Transactions or Operations Outside Exchanges

Transactions totaling more than R$ 30,000 in a single month, whether conducted through foreign exchanges or directly between wallets (peer‑to‑peer), must be reported monthly to the tax authorities under Normative Instruction No. 1,888/2019.

What Are the Risks of Incorrect or Missing Declarations?

Failing to properly report cryptoasset transactions can lead to:

• Inclusion in the Federal Revenue’s audit review (malha fina)
• Fines of up to 150% of the tax due
• Administrative or even judicial proceedings in more serious cases

For this reason, it is essential to understand:

• Which assets must be reported
• When capital gains tax applies
• How to calculate values and complete the return appropriately

The regulation of Brazil’s cryptoasset market is evolving rapidly, making it crucial to stay informed in order to ensure compliance, security, and predictability in fulfilling tax obligations.

At Donato & Garcia Neto Advogados, we closely follow these developments and are available to guide individuals and companies in managing their tax responsibilities safely and effectively before the Federal Revenue Service.