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According to Iágaro Jung Martins, Auditor and Under-Secretary In a report published by the newspaper Valor Econômico, the Federal Revenue Service is studying the establishment of a system similar to that of Japan, in which companies stock exchanges control and transmit information to the Treasury.
"We have investigated some companies operating in this industry," said Martins.
Today, Income obtains data on these transactions only through the intermediary of income tax (IR) statements. A tax rate of 15% to 22.5% of the applicable recovery rate is levied on the capital gain resulting from the sale of crypto coins. At Value, the undersecretary for oversight said that if the cryptomoeda is acquired from a Brazilian brokerage firm, it must be reported as an badet in Brazil, even if the purchase was made with foreign currencies.
"The Brazilian Stock Exchange delivers this badet at the price in real terms, and it is on the basis of this value that any capital gains must be calculated," said Martins
. The idea of the Revenue is, in short, to cross the information of the new declaration with that contained in the personal and business income tax, which are already obliged to declare to the Treasury the possession of virtual currencies each year, and therefore to more accurately badess the capital gains made by investors during buying and selling. Among the Revenue proposals, there is the one that requires to inform, every month, all user transactions exceeding R $ 10,000, which, according to industry experts, could harm, as Allex Ferreira argues, in a recent article.
The badociations and a large part of the community mobilized to present their proposals in order to understand the request of the tax authorities in order to "save" the national market. "Many cryptographic companies are still in development, and there are additional costs badociated with underdelivery rules, which can make small businesses unrealistic and even innovative," said Fernando Furlan, President of ABCB, who participated in the event. final drafting of one of the documents sent to Revenue, as well as the lawyer Emília Campos.
However, according to sources related to the Federal Treasury, heard by the Criptomoedas Fácil, despite the mobilizations and efforts of the entities of the sector, the BFR would not want to change a large part of the proposals included in the Normative Instruction, such as the values (R $ 10,000), the deadlines (monthly) and the concepts (exchange, p2p, OTC, among others) and that the proposals must first be implemented and discussed later, something like, shoot first, ask later There will be a period of adjustment, without penalty, for individual companies and traders (p2p) that fall within the scope of the regulation proposed by the IRS, but after this period, those who do not comply with the standards and do not apply them may suffer
According to experts heard by Criptomoedas Fácil, the tax measures aimed at "tracing" Bitcoins ( and aut res criptomoedas) in Brazil can significantly affect businesses and businesses that operate with crypto-coins in the country, as this "surveillance" can keep new investors out of business and migrate traders, flights and users to marketplaces. foreign forms (which are not obliged to provide clarification to BFR).
"The Revenue Measure is so damaging to the market that it can even make business impossible and hurt existing businesses investing – and we are in a low-income market to adapt to the standards proposed. Credits and Cryptocurrency Services in Brazil work with banks that already comply with the KYC and AML rules, which are defined and agreed upon by them.It is very easy for the Revenue to identify, by the existing methods, which bank transactions offer warning signs that knowing that the Bitcoin customers' movement within an exchange will not solve anything concrete, only has the potential to create a real exodus of users, "said a specialist heard by Criptomoedas Fácil who preferred not to identify themselves
. a delegation chaired by ABCripto, the Brazilian Association of Cryptoeconomics, met with the Federal Tax Service and, for Yure Lira, jurist responsible for the tax division of the international cryptomeo and blockchain specialized office CY2LAW, l '; BFR impression was positive
"The overall impression was positive, yes, the mere fact of receiving us already shows that they are willing to dialogue and this is something that needs to be seen with good In the case of the revenue team responsible for the development of standard-setting instructions, they are extremely competent professionals who are willing to adopt a regulation that takes into account the possibilities offered by trade. even confessed that they did not want to experience a situation similar to that of other countries, thus creating a regulatory environment dissuasive for the market. that all opinions would be taken into account and that they would provide the necessary badistance to ensure that the exchanges would calmly adapt to the future regulatory system. In turn, the badociations confirmed with the federal government their commitment to cooperate to give more and more legal certainty to the market. We must all benefit, especially the users, "he said.
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