Brazil: Minister of State submitted Provisional Measure no. 1303 providing for the taxation of financial investments and virtual assets in the country to National Congress

On 11 June 2025, the Minister of State introduced Presidential Provisional Measure no. 1303, providing for the taxation of financial investments and virtual assets in the country to the National Congress. The measure regulates the taxation of financial investments and virtual assets in Brazil. The measure establishes a personal income tax rate of 17.5%. The tax applies to most financial investment income and net gains from trading on stock exchanges, organised over-the-counter markets, with a quarterly sales exemption for stock trading below BRL 60’000, and virtual asset transactions. Non-resident investors are generally taxed the same.