Tax accountant with crypto reports and tax forms

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

About this subject

Declaring cryptocurrencies on Brazil's Individual Income Tax Return (IRPF) has been mandatory since 2019, when the Federal Revenue Service required that cryptoasset operations be reported on the Assets and Rights form. Normative Instruction RFB nº 1.888/2019 establishes that monthly transactions above R$ 30,000 must be reported, but smaller amounts also need to be included in the annual declaration. A tax accountant specializing in cryptocurrencies must understand valuation rules, such as converting crypto to reais on the transaction date, and keep up with frequent legislative updates.

The 2025 IRPF brought new requirements for crypto investors: the possibility of offsetting losses on domestic exchanges and the obligation to declare NFTs as digital assets. Many taxpayers hire professionals who use automatic reconciliation software for wallets and exchanges, integrating data from platforms like Binance, Mercado Bitcoin, and Foxbit. The Federal Revenue has intensified data cross-referencing with foreign exchanges, requiring accountants to master international tax information exchange agreements.

Late afternoon is a typical time for meetings with clients seeking to adjust their declarations before the deadline. The accountant acts as a tax consultant, advising on the best way to declare capital gains from cryptocurrencies, which follow a progressive table of 15% to 22.5% for profits above R$ 5 million. Failure to declare can result in a fine of 1.5% per month on the tax due, with a minimum of R$ 165.74.

Frequently Asked Questions

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

Yes, ownership of cryptocurrencies on December 31 must be reported on the Assets and Rights form, regardless of sale, as long as the acquisition value exceeds R$ 1,000 (exemption limit for assets).

What is the fine for not declaring cryptocurrencies correctly?

The minimum fine is R$ 165.74, and it can reach 20% of the tax due if income is omitted. In cases of fraud, there is a risk of being audited and facing administrative proceedings.

How to declare NFTs on the 2025 IRPF?

NFTs must be declared as 'other assets' on the Assets and Rights form, with specific code (99). The acquisition value is the purchase cost in reais, and gains from sales are taxed as capital gains.