the worst thing about taxes is that we don't know where they go

BRAZILIAN GOVERNMENT IS IN THE SPOTLIGHT OF CRYPTO INVESTORS
!!!🧨🧨🧨🧨

The federal government has opened a window for individuals who have not declared cryptocurrencies in recent years to regularize their situation with the Federal Revenue Service.

A fine will be required, but the process is recommended and avoids bigger problems. If you have pending issues with digital currencies in your Income Tax return, here's how to resolve them:

What is it? The Rearp (Special Regime for the Update and Regularization of Assets) allows taxpayers to report unreported crypto assets to the Federal Revenue Service, such as bitcoin (BTC), ethereum (ETH), solana (SOL), USD Coin (USDC), and other digital currencies.

How much does it cost? Those who complete the regularization will pay a 15% fine on the reported value, plus pay 15% income tax. In practice, the total cost will be 30% of the updated value of the digital assets.

How to do it? You must provide documents and information, such as:
Taxpayer identification;
Ownership and origin of the cryptocurrencies;
Market value of the assets as of December 31, 2024;
Taxpayer declaration that the digital currencies have lawful origin.
The deadline for adjustment is until February 19, 2026. Check more details here.
#BTC $BTC $XRP