New Tax on Offshores Cryptos Kicks in:

3/19/24

Thiago Barbosa, attorney at Salles Nogueira Advogados, unpacks new Receita Federal tax rules on crypto assets abroad. We discuss the 15% flat tax on “foreign financial applications,” how staking/lending may be affected, and confusion around self-custodied wallets. While losses can now offset gains, meticulous record-keeping is key. The law targets offshore wealth, but crypto got swept in.

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