<ul data-eligibleForWebStory="true"><li>Brazil has introduced a new flat 17.5% tax on all cryptocurrency gains, eliminating previous tiered tax thresholds.</li><li>The earlier system taxed gains above 35,000 reais at rates ranging from 15% to 22%, based on specific thresholds.</li><li>The new tax policy applies universally to all crypto income, regardless of the amount or location of the assets.</li><li>The taxation covers not only direct trading profits but also financial operations involving digital assets for payments or investments.</li><li>The government clarified that the rule encompasses all income derived from transactions with virtual assets.</li><li>The change aims to close existing loopholes, increase tax revenues, and standardize crypto taxation in Brazil.</li><li>However, the flat tax rate has raised concerns among investors and industry stakeholders about increased compliance burdens.</li></ul>

Brazil Imposes Flat 17.5% Tax on All Crypto Gains, Ends Previous Thresholds

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