Brazil how to cash out without paying taxes?
There is currently no way of avoiding paying crypto taxes in Brazil. However, it is possible to route your crypto to a country with very low or no crypto taxation to cash out. This approach is an easy and legal way to reduce the cost of cashing out your cryptocurrency.
As per the Federal Revenue Service, profits resulting from the sale of cryptocurrency assets, when the total traded value in a month surpasses BRL 35,000, are taxed as capital gains using a progressive tax structure. The income tax is due by the final business day of the month following the transaction. Income of up to 6,000 Brazilian reais will be tax-free as per the new regulations. Earnings falling within the range of 6,000 to 50,000 reais will be liable for a 15% tax rate. Beyond this limit, taxes will be imposed at a rate of 22.5%.
Resource: https://cointelegraph.com/news/brazil-moves-levy-higher-taxes-cryptocurrencies
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