The submission of the Income Tax (IR) declaration for cryptocurrency investors became more complex and detailed in 2025. From now on, with the change of rules by the Federal Revenue (RF), those who have cryptocurrencies abroad need to declare them differently: each asset must be declared individually, separated from each other, what increases bureaucracy and the risk of the investor making a mistake, slip or oversight during the declaration. Luis Fernando Cabral, partner at Trader's Accountant and specialist in accounting for investors, assess that what was already complicated has become even worse.
"If the investor found the declaration of crypto assets complicated, now it got even worse. With these changes, each asset must be declared in the Assets and Rights form, including detailed information such as earnings, losses and even earnings from staking and crypto loans, says Luis Fernando. Before, the statement was in general terms, through the GCAP, the Capital Gains Calculation Program, or on the Exempt Income form. "From now on, each asset must be listed individually, no longer in a generic way. If the investor bought 50 times, he will have to make 50 different statements, explain the counter.
For the specialist, this is yet another way that the Federal Revenue Service found to tighten the grip against tax evasion and obtain even more detailed information about the financial operations of Brazilians. "When the regulatory body requires the taxpayer to provide more data", it means that the Revenue wants to have more information about the operations. And this represents more control of the RF over operations abroad, about the movements abroad. “At some point this will turn into more taxation”, analyze Luis Fernando Cabral.
In 2025, the deadline for submitting the income tax declaration goes until May 31. The government raised the threshold for people who earn up to two minimum wages. This means that those who earn up to R$ 2.824 per month is exempt from tax. However, is required to declare anyone who received more than R$ 33.704,00 last year. The non-submission of the declaration may result in a fine starting from R$ 165,74 up to 20% of the tax due. In addition to this obligation, several other conditions imply the need to declare the tax.
