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Brazil: Implemented Bill 4173/2023 on crypto asset taxation

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Description

Implemented Bill 4173/2023 on crypto asset taxation

On 1 January 2024, Bill 4173/2023, amending taxation law, including provisions introducing taxation for crypto assets held abroad, came into effect. In particular, the income from derived crypto assets over BRL 6'000 will be taxed at a rate of 15%, applied pro-rata to income accrued up to 31 December 2023.

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Scope

Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament

Complete timeline of this policy change

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2023-08-29
under deliberation

On 29 August 2023, Bill 4173/2023 was introduced in the Chamber of Deputies of Brazil. The Bill wou…

2023-11-29
adopted

On 29 November 2023, Bill 4173/2023, amending taxation law, including provisions introducing taxati…

2023-12-12
adopted

On 12 December 2023, the President of the Brazilian Republic signed Bill 4173/2023, amending taxati…

2024-01-01
in force

On 1 January 2024, Bill 4173/2023, amending taxation law, including provisions introducing taxation…