Tax accountant with crypto reports and tax forms

Tax accountant analyzes crypto reports and IRPF forms in an office late afternoon.

About this subject

In Brazil, the Individual Income Tax Return (IRPF) increasingly demands attention from cryptocurrency investors. Since 2019, Brazil's Federal Revenue requires the declaration of cryptoasset operations, including purchases, sales, exchanges, and transfers, regardless of amount. For those moving over R$ 30,000 per month, reporting to the RFB is mandatory. The specialized crypto accountant has become essential to avoid inconsistencies and fines.

Crypto reports typically include transaction history from domestic and international exchanges, capital gains calculations using weighted average cost, and conversion to local currency on each operation date. The professional must cross-reference data from multiple sources such as wallets, brokerages, and DeFi platforms with the rules of Normative Instruction 1888/2019. Common mistakes include failing to declare exempt operations (up to R$ 35,000 monthly sales) or forgetting cryptoassets received as income.

Traditional IRPF now coexists with new ancillary obligations, such as income reports from staking and lending, as well as airdrops and NFTs. The Federal Revenue uses artificial intelligence to cross-check information from exchanges and detect omissions. Therefore, the accountant's work goes beyond filling forms: it involves tax planning, eligibility analysis for regimes like capital gains, and guidance on supporting documentation. Images like this portray the daily routine of professionals merging classical accounting with blockchain technology.

Frequently Asked Questions

Do I need to declare cryptocurrencies on my IRPF even if I didn't sell?

Yes, ownership of cryptocurrencies must be declared in the Assets and Rights section, regardless of sale. Purchase, sale, exchange, donation, and transfer operations must also be reported monthly to the Federal Revenue if they exceed R$ 30,000 per month.

What is the deadline for declaring cryptocurrencies on IRPF 2025?

The general IRPF 2025 deadline (tax year 2024) runs from March 15 to May 31, 2025. Monthly crypto information must be submitted by the last business day of the month following the operation, via the Federal Revenue's Cryptoasset Collection system.

How to calculate capital gains on cryptocurrency sales?

Capital gain is the difference between the sale value and the acquisition cost, converted to reais at the exchange rate on the date. Use the weighted average cost for each cryptocurrency. Monthly sales below R$ 35,000 are exempt but must still be declared.