As the deadline for filing the 2025 Income Tax approaches, taxpayers with investments need to be aware of the rules. Whether it is fixed income, variable, or crypto assets, some errors can lead the declarer to be audited. Understanding what should be reported and how to correctly fill in each field is essential to maintain fiscal regularity.
Fabiano Azevedo, a accounting entrepreneur and ambassador of Omie, a cloud management platform, explains that “the requirement is determined by the IRS for: those who had earnings above the exemption threshold, have investments and assets that combined exceed the value of R$ 800,000, and those who had exempt and non-taxable earnings exceeding R$ 40,000”. Next, the specialist explains how to be accountable.
1 – Stay tuned for changes in 2025
It is essential to pay attention to changes to ensure the correct fulfillment of your tax obligations. Regarding investments, it becomes mandatory to report annually for those who earned income abroad from financial investments, profits, and dividends.
“The taxpayer must have in hand the titles according to the financial institutions and select in the Annual Income Tax Adjustment Declaration program the Assets and Rights form and choose the option of the Investments and Applications group,” explains Azevedo.
2 – Check your investments and pay attention
It is important to cross all sources of income with the income statements provided by banks, companies, and financial institutions and carefully verify which values need to be reported and in which form of the Revenue program.
3 – Don’t forget international investments
Financial transactions in foreign currency must be converted to Brazilian reais using the official rate of the Central Bank on the date of the transaction. ‘The taxpayer needs to understand if there was income in international currency or just capital gain to convert, but it is also possible to declare directly in foreign currency or crypto,’ says Azevedo. In the ‘Assets and Rights’ form, it is possible to report the balances in foreign currency and declare income or capital gains (if any) in the corresponding form.
4 – And not even cryptocurrencies
Finally, according to the accountant, the same process for international investments applies to cryptocurrencies, adding information about the type (Bitcoin, Ethereum, etc.) and the exchange used. Gains from the sale of cryptocurrencies must be calculated monthly and reported in case of profit exceeding R$35,000 in the month. ‘The rules may vary depending on the type of asset, but the general principle is adequate conversion and precise detailing to avoid inconsistencies,’ concludes Fabiano.
