Brazilian Tax Authorities Imposes Fines on Crypto Tax Evaders

Brazilian Tax Authorities Imposes Fines on Crypto Tax Evaders

Last Updated on Tax authorities in Brazil are following the US Internal Revenue Service (IRS) and fining individuals who failed to declare their cryptocurrency holdings. The Department of Federal Revenue (RFB) of Brazil recently published a new tax code that will fine traders who do not declare their transactions in Bitcoin and other cryptocurrencies.