With the approaching deadline for the 2025 Income Tax submission, taxpayers with investments need to be aware of the rules. Be fixed income, variable or crypto assets, some errors can lead the declarant to the fine mesh. Understanding what must be reported and how to correctly fill out each field is essential to maintain tax compliance
Fabiano Azevedo, accounting businessman and ambassador ofGrandma, cloud-based management platform, explain that the "mandatory nature is determined by the Federal Revenue Service for: those who had income above the exemption threshold, has investments and assets that together exceed R$ 800,000 and who had tax-exempt and non-taxable income with a value greater than R$ 40,000. Next, the specialist points out how to report
1 – Keep an eye on the changes for 2025
It is essential to pay attention to changes to ensure the correct fulfillment of your tax obligations. Regarding investments, the annual declaration becomes mandatory for those who received income from foreign financial investments, profits and dividends
The taxpayer must have in hand the securities according to the financial institutions and select in the Annual Income Tax Return program the Assets and Rights section and choose the option for the Applications and Investments group, Explain Azevedo
2 – Check your investments and pay attention
It is important to cross-reference all sources of income with the income statements provided by banks, companies and financial institutions and carefully check which values need to be reported and in which section of the Receita program
3 – Don't forget about international investments
Financial transactions in foreign currency must be converted to reais using the official exchange rate of the Central Bank on the date of the transaction. It is necessary for the taxpayer to understand whether there was income in foreign currency or just capital gain to convert, but it is also possible to declare directly in foreign currency or crypto, Azevedo account. In the "Assets and Rights" section it is possible to report balances in foreign currency and declare income or capital gains (if any) in the corresponding section
4 – And not even cryptocurrencies
AND, finally, according to the accountant, the same process of international investments applies to cryptocurrencies, adding the information about the type (Bitcoin, Ethereum, etc.) and the exchange used. Earnings from the sale of cryptocurrencies must be calculated monthly and reported in case of profit exceeding R$35.000 in the month. The rules may vary depending on the type of asset, but the general principle is proper conversion and precise detailing to avoid inconsistencies, Fabiano finishes
