As from 1 July 2026, Brazilian tax-resident individuals must file a Crypto Assets Reporting Return (DeCripto) when conducting crypto-asset transactions outside Brazilian exchanges.
This new obligation arises from Normative Instruction (NI) No. 2,291/2025 issued by the Federal Revenue Service, which replaces NI No. 1,888/2019 and introduces a broader and more detailed reporting framework.
Under the new rules, a crypto-asset return is required when both of the following conditions are fulfilled:
The new framework significantly expands the level of detail required and broadens the scope of reportable transactions, covering activities such as purchases, sales, crypto-to-crypto exchanges, staking, airdrops and similar crypto-asset movements.
It also strengthens tax authority oversight, enabling more robust domestic and international data cross-checking.
Given the expanded reporting requirements, maintaining accurate records and ensuring timely compliance are essential to mitigate tax exposure and avoid penalties. Affected taxpayers should review their processes, controls and data collection mechanisms to confirm they can meet the new obligations.
Michele Siqueira
BDO in Brazil
This new obligation arises from Normative Instruction (NI) No. 2,291/2025 issued by the Federal Revenue Service, which replaces NI No. 1,888/2019 and introduces a broader and more detailed reporting framework.
Under the new rules, a crypto-asset return is required when both of the following conditions are fulfilled:
- Transactions are carried out through foreign exchanges, DeFi (decentralised finance) platforms or directly between parties without intermediaries; and
- Total monthly transaction volume exceeds BRL 35,000.
The new framework significantly expands the level of detail required and broadens the scope of reportable transactions, covering activities such as purchases, sales, crypto-to-crypto exchanges, staking, airdrops and similar crypto-asset movements.
It also strengthens tax authority oversight, enabling more robust domestic and international data cross-checking.
Action Steps
Given the expanded reporting requirements, maintaining accurate records and ensuring timely compliance are essential to mitigate tax exposure and avoid penalties. Affected taxpayers should review their processes, controls and data collection mechanisms to confirm they can meet the new obligations.Michele Siqueira
BDO in Brazil