Brazil lawmaker proposes crypto tax amnesty for betting sector
- —The amendment allows voluntary declaration of crypto obtained from betting houses through the end of 2024
- —Capital gains tax is set at 15%, plus a fine payable in up to 24 monthly installments
- —A 50% discount on the fine is offered for lump-sum payment
- —Declarants are exempt from disclosing wallet addresses and private keys
Why it matters: The measure could legalize a large pool of crypto from the betting sector and generate over R$5 billion in tax revenue for Brazil.
Source: Livecoins
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