Let’s inspire the encryption tax for investors in the long run star-news.press/wp
author
Tim Alper
author
Tim Alper
Involve
The Brazilian legislator Eros Biondini has established a bill that suggests eliminating the encryption tax, especially in the case of citizens who hold Bitcoin (BTC) as a long -term store for value.
The deputy came to him invoice In the House of Representatives, the media outlet in the Portuguese language Livecoins I mentioned.
Brazilian encryption tax: Can the fees be canceled?
The draft law calls for the removal of sentences in the tax law, which explicitly mentions encryption taxes.
It also calls for the abolition of Law 2023, which shows the methods of collecting income tax from the profits derived from Cryptoassets.
The draft law will first be evaluated by the House Chamber Committee. The committee will decide whether the draft law will be transferred to the House of Representatives or not.
From there, it can be transferred to the Senate and the President’s Office. Each of the Senate and the President will have the authority to veto the bill.
Biondini also claims that new taxes on financial transactions, including foreign transport and insurance operations, are not specified.
He claimed that the imposition of a new tax burden on the population in the “time of economic fragility” would have negative consequences.
The legislator pointed out that the Brazilian tax “burden” reached 32.32 % of the country’s GDP (GDP) in the 2014 fiscal year. This is the highest rate of tax rate to GDP in the past 15 years, for all treasury data.
Biondini criticized the government’s encryption policy. I complained that Brazil, “instead of leading” the world to adopt encryption, is now “contradicts pills.”
He said that the current and future encryption tax laws “punish people looking for a legitimate, safe and valuable store.”
Official recognition of BTC Savers
The legislator has previously encoded the encryption a draft law seeking to formally recognize the bitcoin as a strategic store of value in Brazil.
This proposal seeks to create a tax exemption for buyers and BTC holders. It also seeks to clarify the rights of citizens to become self -evident doctors, without the need to rely on the encryption wallet operators.
Biondini moved to social media last week in an attempt to unify the Brazilian encryption community behind its bill.
He suggested that if the topic will become viral, the lower house will be pressured to reject the efforts made to increase the encryption tax revenues in Brazil.
Biondini also called on his parliamentarians to support his bill. He explained that he was designed to defend taxpayers, industry players and “economic sovereignty” of Brazil.
In November of last year, Biondini revealed a draft law proposing the creation of a Bitcoin National Reserve.
The plan called on the government to transfer up to 5 % of the Brazilian International Reserve Fund of $ 372 billion to Bitcoin.
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2025-06-16 23:30:00
