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Invezz 2023-12-15 13:02:24

Brazilians to pay 15% tax on overseas crypto profits in new law

Brazil’s president, Luis Inácio Lula da Silva, has assented the country’s crypto tax bill into law. Under the new law, Brazilians will be taxed 15% on all of their foreign digital asset incomes. Profits and dividends earned by Brazilian citizens from real estate, investment funds, and platforms will also be subjected to the new taxes.

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