Tax accountant with crypto reports and tax forms

Accountant reviews crypto reports and tax forms on an overcast day, highlighting the complexity of declaring digital assets in Brazil.

About this subject

In Brazil, declaring cryptocurrencies on the Individual Income Tax Return (IRPF) has been mandatory since 2019, when the Federal Revenue established specific rules for digital assets. Accountants, essential in this process, handle reports from national and international exchanges, along with forms such as the Net Gains Statement (DGL) and the annual return. The growing adoption of cryptocurrencies in the country, which surpassed 4 million investors by 2023, has increased demand for specialized accounting services. Complexity arises from the need to convert operations into reais, calculate capital gains according to the progressive tax table, and declare wallet balances. On overcast days, the accountant's work environment reflects the attention to detail and precision required to avoid tax audits.

Frequently Asked Questions

Which cryptocurrencies must be declared on the IRPF?

All cryptocurrencies, such as Bitcoin, Ethereum, and stablecoins, must be declared if the acquisition value exceeds R$ 5,000 or if there is a capital gain on the sale.

How can an accountant help with cryptocurrency tax declaration?

An accountant organizes exchange reports, calculates capital gains in reais, fills out the Net Gains Statement, and advises on correct taxation to avoid errors leading to tax audits.

What happens if I don't declare cryptocurrencies on the IRPF?

Omission can result in a fine of 1.5% to 20% on the undeclared amount, plus interest and possible inclusion in the Federal Revenue's tax audit system.