Tax accountant with crypto reports and tax forms

A tax accountant reviews cryptocurrency reports and IRPF forms in an office during the morning.

About this subject

Declaring cryptocurrencies in the Brazilian Individual Income Tax Return (IRPF) has become increasingly relevant since 2019, when the Federal Revenue Service mandated reporting of crypto asset operations. Tax accountants play a key role by analyzing exchange reports and calculating capital gains subject to taxation. Tax rates range from 15% to 22.5% on profits, depending on the transaction amount. Exemptions apply for monthly sales up to R$ 35,000. Professionals also help organize purchase and sale invoices, digital wallet statements, and cross-exchange transfer receipts. Cross-border transactions add complexity, requiring conversion to Brazilian reais using official exchange rates. Morning work often involves data verification and correct completion of the Assets and Rights section to avoid inconsistencies that could trigger audits. As the crypto market grows, demand for specialized accountants has risen, especially during the annual filing season.

Frequently Asked Questions

Do I need to declare cryptocurrencies in the IRPF even if I didn't sell?

Yes, holdings as of December 31 must be reported in the Assets and Rights section if the acquisition cost exceeds R$ 1,000, regardless of sales.

What is the tax rate on cryptocurrency profits?

Rates are progressive: 15% for profits up to R$ 5 million, 17.5% from R$ 5 to R$ 10 million, 20% from R$ 10 to R$ 30 million, and 22.5% above R$ 30 million.

Is it mandatory to hire an accountant for crypto declaration?

No, but it is recommended due to complex rules, especially for frequent trades or foreign exchanges.