How to Declare DePix on the 2027 Brazilian Tax Return: A Practical IN 1888/2019 Guide
When income tax season arrives, the inevitable question comes up: “do I need to declare my DePix? How do I do it correctly?” The short answer is yes, in certain cases, but declaring is not the same as paying tax.
This guide explains the rules currently in force (the Brazilian tax authority's Normative Instruction 1888/2019), the thresholds that trigger an obligation, and how DePix tax rules work in practice.
This guide does not replace an accountant
What is DePix?
DePix is a stablecoin: a crypto asset pegged 1:1 to the Brazilian Real. Technically, it is issued on the Liquid Network, Bitcoin's sidechain, by an authorised issuer regulated by the Central Bank of Brazil.
For the Brazilian tax authority, DePix is treated as a crypto asset: the same classification as Bitcoin, USDT and USDC. That means it follows the rules of Normative Instruction 1888/2019, which governs crypto asset taxation in Brazil.
Why DePix is special for tax purposes
The main characteristic of DePix for tax purposes is its 1:1 parity with the Real:
- If you buy R$ 100 in DePix, you acquired a crypto asset for R$ 100.
- If you sell that DePix for R$ 100, the capital gain is zero.
- There is no price variation between purchase and sale, by design.
That simplifies the return a great deal: you will have no capital gain when converting DePix back into Reais, unlike Bitcoin or USDT, whose prices move.
The 3 thresholds that matter
There are three tax triggers you need to know. Each one activates a different obligation.
Threshold 1: R$ 5,000 held at year end
| Position on 31 December | Obligation |
|---|---|
| Total crypto balance < R$ 5,000 | None. No need to declare it as an asset |
| Total crypto balance ≥ R$ 5,000 | Declare it in the annual return, under Assets and Rights |
What counts: your total DePix balance plus any other crypto assets you hold on 31 December. For example: R$ 3,000 in DePix plus R$ 2,500 in USDT adds up to R$ 5,500: above the limit, so you declare.
Threshold 2: R$ 35,000 per month in sales
| Position in the month | Capital gains tax |
|---|---|
| Crypto sales ≤ R$ 35,000 | 0% (exempt) |
| Crypto sales > R$ 35,000 | 15% to 22.5% on the profit, not on the total amount |
What counts: the total volume of crypto you sold and converted into Reais (or swapped for another crypto) during a calendar month. Tax applies to the profit, not the full amount. And since DePix is 1:1, there will practically never be a profit when selling it.
Example
Threshold 3: R$ 30,000 per month in foreign operations
| Position in the month | Obligation |
|---|---|
| Operations on foreign exchanges < R$ 30,000 | None |
| Operations on foreign exchanges ≥ R$ 30,000 | Report through Coleta Nacional on the e-CAC portal |
What does not count: operations inside Depix.Online, a Brazilian platform working with a regulated partner. What does count: swapping DePix for USDT and sending it to a foreign exchange, peer-to-peer operations outside a regulated platform, and on-chain movements between your wallets above the threshold.
Reporting is not the same as paying
Practical filing scenarios
Scenario 1: individual holding DePix
Your situation: you hold R$ 8,000 in DePix, have never sold, and 31 December has arrived. Since the balance exceeds R$ 5,000, declaring is mandatory: go to Assets and Rights, Group 08 (Crypto Assets), Code 81 (DePix), with a declared value of R$ 8,000: the acquisition value, which is 1:1 with the Real. Tax due: none, it is purely an asset disclosure.
Scenario 2: converting DePix to another crypto
Your situation: you had R$ 1,000 in DePix and swapped it for 200 USDT at R$ 5 each. USDT rose to R$ 5.50 and you sold the 200 for R$ 1,100.
- Selling DePix: capital gain of R$ 0: you sold R$ 1,000 of DePix for R$ 1,000.
- Buying USDT: you now hold 200 USDT, which enter your year-end inventory.
- Selling USDT: capital gain of R$ 100: you sold for R$ 1,100 what cost R$ 1,000.
- Volume in the month: R$ 1,100, below R$ 35,000, therefore exempt.
Result: no tax to pay, but you record the USDT balance on 31 December under Assets and Rights.
Scenario 3: selling DePix and withdrawing in Reais
Your situation: you had R$ 15,000 in DePix, sold it all and withdrew via your personal PIX key. The volume sold (R$ 15,000) is below R$ 35,000, so it is exempt; and the capital gain is R$ 0, because DePix is 1:1 with the Real. On the annual return, if you hold no crypto at year end there is nothing to declare; if you do, you declare the remaining balance. Result: an exempt operation, with no tax.
Scenario 4: transferring to a foreign exchange
Your situation: you sold R$ 40,000 in DePix, converted it to USDT and sent it all to a foreign exchange in the same month. The DePix → USDT conversion generates no gain. The volume sent (R$ 40,000) exceeds R$ 30,000, so reporting through Coleta Nacional is mandatory. And although R$ 40,000 falls outside the R$ 35,000 exemption, there is no real gain to tax. Result: you report, but pay no tax, and the documentation prevents problems later.
How to file the annual return: step by step
If you crossed the R$ 5,000 crypto holdings threshold at year end, here is how to declare.
Step 1: open the tax software
Download the tax authority's official filing program from the official website. It becomes available before the filing window opens.
Step 2: go to Assets and Rights
In the main menu, click Assets and Rights and then Add (or “New asset”).
Step 3: select Group 08 (Crypto Assets)
| Code | Asset |
|---|---|
| 81 | DePix and other stablecoins pegged to the Real |
| 82 | USDT, USDC and other dollar stablecoins |
| 89 | Bitcoin (BTC) |
| 09 | Other crypto assets not listed |
Step 4: fill in the fields
| Field | What to enter |
|---|---|
| Description | Free text. E.g.: “DePix (Liquid stablecoin) in a self-custody wallet” |
| Position on 31 December of the prior year | R$ 0.00, if this is the first time you declare the asset |
| Position on 31 December of the base year | The total amount in Reais. For DePix, the balance itself (1:1) |
| Location | Brazil. DePix is a Brazilian crypto asset |
Group: 08
Code: 81
Description: DePix (stablecoin pegged 1:1 to the Real)
Position on 31 Dec, prior year: R$ 0.00
Position on 31 Dec, base year: R$ 12,500.00Step 5: save
Click “Save” or “Next”. The asset is now recorded on your return.
Declaring does not create a tax bill
Coleta Nacional operations report
If you traded crypto assets on foreign exchanges or peer-to-peer above R$ 30,000 per month, you must report it through Coleta Nacional on the tax authority's e-CAC portal.
What must and must not be reported
| Type of operation | Report? |
|---|---|
| Buying and selling DePix via Depix.Online | No |
| Simple conversion of DePix into Reais | No |
| Sending DePix or USDT to a foreign exchange | Yes |
| Direct peer-to-peer trades outside a regulated platform | Yes |
| Swaps and on-chain movements above the threshold | Yes |
How to report
- Log in to e-CAC, the tax authority's portal.
- Go to Services and find the national crypto operations report.
- Fill in the month's operations: date, type (purchase, sale, swap, transfer), amount in Reais, wallet address where applicable, and the counterparty.
- Submit within the deadline, which is the last Thursday of each month for the prior month's operations.
The obligation is not cumulative: if you had no operations in a month, there is nothing to submit.
Capital gains tax in practice
If the month's sales exceed R$ 35,000, the gain assessed goes into the progressive capital gains table:
| Capital gain assessed | Rate |
|---|---|
| Sales up to R$ 35,000 in the month | Exempt |
| Up to R$ 5 million | 15% |
| From R$ 5 million to R$ 10 million | 17.5% |
| From R$ 10 million to R$ 30 million | 20% |
| Above R$ 30 million | 22.5% |
Important: for the vast majority of users the effective rate is zero, sales stay below the exemption and DePix generates no gain.
Worked examples
Case 1: you sold R$ 20,000 in crypto in the month with a R$ 5,000 profit. Since the volume sold stayed below R$ 35,000, the operation is exempt and the tax due is R$ 0.
Case 2: you sold R$ 50,000 in crypto with a R$ 8,000 profit. The volume exceeds R$ 35,000, so the exemption does not apply: 15% × R$ 8,000 = R$ 1,200, paid by tax slip (code 4600) by the last business day of the following month.
Offsetting losses
Crypto gains and losses offset each other within the same month; losses do not carry over. If you gained R$ 3,000 on BTC and lost R$ 2,000 on USDT in January, the net gain for the month is R$ 1,000.
Micro-entrepreneurs and companies: special cases
Micro-entrepreneur (MEI)
- Operating revenue: sales revenue goes normally into the annual simplified return.
- DePix received: counts as revenue: if you sold something for R$ 1,000 in DePix, that is R$ 1,000 of turnover.
- DePix balance: declared separately on your personal return, under Assets and Rights, if it exceeds R$ 5,000.
- Capital gain: if you sell DePix at a profit, which is rare, the crypto rule above applies.
Revenue in DePix counts towards the MEI ceiling
Companies
- Revenue: recorded normally in the accounts, according to the tax regime.
- Invoicing: issue invoices normally for sales, even when paid in crypto.
- Bookkeeping: incoming crypto must be recorded as revenue.
- Extra care: the tax authority may challenge structures that look designed to avoid taxation.
Running a company with crypto is complex, always consult an accountant before structuring anything.
Good record-keeping practices
Keeping documentation organised makes filing easier and protects you in an audit.
- Export reports regularly. Use the Depix.Online dashboard to generate monthly reports, save them as CSV with dates, amounts and operation type, and file them by year.
- Note your balance on 31 December. Every year end, record your exact DePix balance. That number goes straight into the return.
- Keep a swap history. If you swapped DePix for USDT or BTC, keep the date, amount and price at the time. That is what lets you compute the capital gain correctly.
- Store records for 5 years. The tax authority can request documentation up to five years after filing.
- Consider crypto accounting software. If you trade in volume, tools that connect your wallets and consolidate reports automatically are worth the cost.
Frequently asked questions
Practical summary
| Situation | What to do |
|---|---|
| Crypto balance < R$ 5,000 on 31 Dec | Nothing, no need to declare |
| Crypto balance ≥ R$ 5,000 on 31 Dec | Declare on the annual return, Group 08, Code 81 |
| Sales < R$ 35,000 in the month | Exempt from tax on the gain |
| Sales > R$ 35,000 in the month | Pay 15% to 22.5% on the gain, if any |
| Foreign transactions > R$ 30,000 in the month | Report through Coleta Nacional (e-CAC) |
| DePix → Reais | Capital gain of zero (1:1 with the Real) |
| DePix → USDT or BTC → Reais | Gain only on selling the USDT or BTC, not the DePix |
| Micro-entrepreneur with DePix | Counts towards annual turnover |
| Company with DePix | Record as revenue in the accounts |
Conclusion
Declaring DePix is simple once you understand the three main thresholds: R$ 5,000 triggers the obligation to declare it under Assets and Rights; R$ 35,000 per month is the capital gains exemption limit; and R$ 30,000 per month is the limit for reporting foreign operations.
For most people using DePix the routine is short: declare the balance under Assets and Rights if it exceeds R$ 5,000, pay no tax at all (because DePix is 1:1 and the gain is zero) and keep your documentation organised. The key is transparency: declare what you must, keep your records, and you are on solid ground with the tax authority.
If your next step is moving that balance, see also the 4 paths to withdraw, swap and spend DePix.
This content is educational and informational and does not constitute financial, legal or investment advice. Digital assets involve risk.
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