(Informational Only)

Important Disclaimer (as of July 2025):

This article provides general informational content based on publicly available Brazilian regulations as of July 2025. It does not constitute legal, tax, or financial advice. Bybit does not provide legal or tax advice. Regulations can change, and you should always independently verify your obligations with qualified professionals.

 

 

 

Overview of Applicable Tax Rules

Users in Brazil engaging in cryptocurrency transactions may be subject to various tax obligations under Brazilian law. As a Bybit user, you alone are responsible for understanding and complying with any applicable taxes. Bybit does not calculate, withhold, or remit taxes on your behalf.

 

 

 

 

 

Financial Transactions Tax (IOF)

Under Decree nº 6.306/2007, IOF applies only to certain fiat operations:

Crypto transactions generally fall outside the scope of Brazil’s IOF, because cryptocurrencies are not classified as currency or securities under current Brazilian law and domestic BRL-to-BRL transfers typically do not incur IOF.

 

However, IOF may apply to specific fiat transactions, such as international transfers credited to Brazilian bank accounts.

 

In Cross-border inflows into Brazilian accounts may incur IOF at 0.38 %, and any IOF due is automatically withheld directly by your financial institution, not by Bybit.

 

 

 

 

 

Personal Income Tax (IRPF)

Under Lei nº 8.981/1995, Brazilian residents may owe personal income tax on capital gains from cryptocurrency transactions.

 

Generally speaking, crypto sales with a total monthly value of up to BRL 35 000 are generally exempt from IRPF. However, if your monthly sales exceed BRL 35 000, the resulting capital gain is taxed at progressive rates ranging from 15 % to 22.5 %, and any tax due must be paid via a DARF form by the last business day of the following month.

 

All calculations, filings, and payments are your responsibility; Bybit does not calculate, withhold, or remit IRPF on your behalf.

 

 

 

 

 

Transaction Reporting

Under IN RFB nº 1.888/2019, virtual asset service providers may be required to report user transactions to the Brazilian Federal Revenue (Receita Federal).

 

For crypto transactions that exceed BRL 30 000 in any single month typically trigger a mandatory monthly report, and certain holdings or events may also need to be declared in your annual income-tax return (DIRPF).

 

Kindly note that all reporting obligations rest with you, and Bybit does not file these reports on your behalf.

 

 

 

 

 

How Bybit Can Help (Informational Only)

Bybit does not provide legal or tax advice, but we offer several tools and resources to help you manage your own obligations:

• Downloadable Transaction History: Access a complete, date-stamped record of your trades, deposits, withdrawals, and fees directly from your account dashboard.

• Transparent Fee & Settlement Logs: View clear breakdowns of all fees and net settlement amounts to support accurate bookkeeping.

• Educational Help Center Articles: Find jurisdiction-specific summaries—like this one—to stay informed about potential tax and reporting considerations.

• Exportable Reports for Compliance: Generate CSV or PDF exports of your activity to share with accountants or include in official filings.

• Regulatory Reporting Where Required: In jurisdictions that mandate it, Bybit will share transactional data with tax or regulatory authorities in accordance with applicable laws.

 

These resources are intended for convenience and may not fulfill every tax requirement—always verify with a qualified professional.

 

 

 

 

 

Regulatory Notes on Platform Use

User Responsibility

1. You are solely responsible for determining how local laws apply to your use of the platform, including any obligations to declare, report, or pay taxes. Bybit does not assess your tax status or provide compliance guidance. Professional legal or tax advice is strongly recommended.

 

Bybit’s Role

1. Bybit does not act as a tax agent and is not responsible for calculating, withholding, or remitting taxes unless explicitly required by law. Where obligated, Bybit may comply with regulatory reporting requirements and provide downloadable transaction data for your reference.

 

 

 

 

Please note:

This page is provided for general informational purposes only and does not constitute legal, tax, or financial advice. Users are encouraged to seek professional assistance based on their personal circumstances.