With the approaching deadline for filing the 2025 Income Tax return, taxpayers with investments need to pay attention to the rules. Whether fixed income, variable income, or crypto assets, some mistakes can lead the declarant to the fine-mesh audit. Understanding what must be reported and how to correctly fill out each field is essential to maintain tax compliance.
Fabiano Azevedo, accounting entrepreneur and ambassador of Omie, a cloud management platform, explains that the “requirement is determined by the Federal Revenue Service for: those who had income exceeding the exemption threshold, possess investments and assets totaling more than R$800,000, and those who had exempt and non-taxable income exceeding R$40,000.” Below, the expert points out how to report.
1 – Keep an eye on the changes for 2025
It is crucial to pay attention to the changes to ensure the correct fulfillment of your tax obligations. Regarding investments, annual reporting becomes mandatory for those who earned income abroad from financial applications, profits, and dividends.
“The taxpayer must have the titles on hand according to the financial institutions and select the ‘Assets and Rights’ section in the Annual Income Tax Adjustment Declaration program and choose the option for the ‘Applications and Investments’ group,” explains Azevedo.
2 – Check your investments and pay attention
It is important to cross-check all income sources with the income reports provided by banks, companies, and financial institutions and carefully verify which amounts need to be reported and in which section of the Revenue Service’s program.
3 – Don’t forget about international investments
Financial transactions in foreign currency must be converted to reais using the Central Bank’s official exchange rate on the date of the transaction. “The taxpayer needs to understand whether there was income in foreign currency or just capital gains to convert, but it is also possible to declare directly in foreign currency or crypto,” says Azevedo. In the ‘Assets and Rights’ section, it is possible to report balances in foreign currency and declare income or capital gains (if any) in the corresponding section.
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 if the profit exceeds R$35,000 in the month. “The rules may vary depending on the type of asset, but the general principle is proper conversion and precise detailing to avoid inconsistencies,” concludes Fabiano.
