Brazil delays crypto tax policy until after 2026 election

Brazil has postponed crypto tax policy talks until after the October 2026 elections. A 17.5% flat tax on crypto gains and new stablecoin rules remain in effect.

Brazil's Finance Minister, Dario Durigan, has postponed discussions and public consultation on the country's crypto tax policy until after the presidential elections in October 2026. This move aims to avoid introducing divisive tax changes during an election year. The consultation, initially planned for this year, may now be delayed until 2027, though it remains a government priority. In June 2025, Brazil shifted from a no-tax policy on small cryptocurrency sales or transfers to a 17.5% flat tax on crypto capital gains, including those from offshore and self-custodial holdings. Previously, residents selling up to 35,000 Brazilian real per month (about $6,587) were exempt, while higher amounts faced progressive tax rates of 15% to 22.5%. Additionally, in November 2025, the central bank issued rules treating stablecoin transfers as foreign currency exchange, subjecting them to the same tax laws. The government is also considering taxing cryptocurrencies used for international payments and aligning reporting rules with the Crypto-Asset Reporting Framework (CARF).