How to Declare DePix on Brazilian Income Tax

Cryptocurrency must be declared on Brazilian income tax returns — and DePix is no exception. If you bought, sold, swapped, or simply held DePix during 2025, this guide explains exactly what Receita Federal (Brazil’s tax authority) requires, how to fill out the declaration, and how to calculate any capital gains tax.

This is the most comprehensive guide to declaring DePix and stablecoins on the IRPF 2026 (Brazilian income tax return for the 2025 tax year). We cover everything from who must file to step-by-step instructions, including the new DeCripto system and the pre-filled declaration.

Who must declare crypto on IRPF 2026

You are required to declare crypto assets on IRPF 2026 if, during 2025, any of the following applied:

• Holdings above R$ 5,000: if on December 31, 2025 you held R$ 5,000 or more (by acquisition cost) in any single type of crypto asset. Example: R$ 3,000 in DePix and R$ 3,000 in Bitcoin — both are below R$ 5,000 individually, so neither needs to be declared under this criterion.
• Monthly sales above R$ 35,000: if in any month of 2025 your total crypto sales exceeded R$ 35,000, you must calculate capital gains.
• Operations on foreign exchanges or P2P above R$ 30,000/month: transactions on platforms without a Brazilian CNPJ require declaration.
• Other general IRPF criteria: if you are already required to file for other reasons (income above the threshold, assets above R$ 800,000, etc.), you must include your crypto assets.

Important: even if you did not sell anything, if your holdings exceed R$ 5,000 in any single type of crypto asset, declaration is mandatory. Failure to declare constitutes asset omission and may result in penalties.

Where to declare DePix in the IRPF program

DePix is classified as a stablecoin by Receita Federal. Here is how to fill it in:

• Section: Bens e Direitos (Assets and Rights)
• Group: 08 — Criptoativos (Crypto Assets)
• Code: 03 — Stablecoins (this is the code for DePix, USDT, USDC, BRZ, and other stablecoins)

Other useful Group 08 codes

If you also hold other crypto assets, use the correct codes:

How to fill in the description field

In the description field, clearly state what you hold. Example for DePix in self-custody:

Stablecoin DePix (pegged to BRL, 1:1). Quantity: 2,500 units.

Values: always use acquisition cost

Declare the value at acquisition cost (what you paid, including fees).

Capital gains: when you owe tax

Simply holding DePix does not generate tax liability. Tax is only due on capital gains — that is, when you sell or swap a crypto asset for more than you paid for it.

Does DePix generate capital gains?

In practice, DePix itself does not generate capital gains because it is always worth R$ 1. You buy at R$ 1 and sell at R$ 1 — there is no profit.

However, swaps between crypto assets are taxable events. If you swap DePix for Bitcoin on SideSwap and Bitcoin later appreciates in value, the gain is taxable when you sell or swap the Bitcoin. Receita Federal confirmed this in Solução de Consulta n. 214 — Cosit.

Common scenarios with DePix

R$ 35,000/month exemption

If all your crypto sales in a given month totaled R$ 35,000 or less and were made on Brazilian exchanges (with a CNPJ), the capital gain is exempt from tax.

Note: this threshold considers the sum of all crypto sales in the month (Bitcoin + DePix + altcoins combined), not per individual asset.

For foreign exchanges or self-custody: the R$ 35,000 monthly exemption does not apply. Any gain, no matter how small, is taxed at a flat 15% rate.

Capital gains tax rates

In practice, the vast majority of individual investors pay 15% on capital gains.

How to calculate and pay the tax (GCAP and DARF)

If you had taxable capital gains from cryptocurrency in any month of 2025, the process is:

1. Download the GCAP 2025 program from Receita Federal’s website.
2. Register each taxable sale/swap under “Bens Móveis” (movable assets, which includes crypto).
3. The program calculates the tax automatically based on the progressive rate table.
4. Generate a DARF (tax payment slip) with code 4600 (Capital Gains — Crypto Assets).
5. Pay the DARF by the last business day of the month following the transaction.
6. At annual filing time, import the GCAP data into IRPF under “Ganhos de Capital > Importação GCAP”.

Do not wait until filing season to pay the DARF. The deadline is monthly — if the sale was in March 2025, the DARF is due by the last business day of April 2025. Late payment incurs a penalty of 0.33% per day (capped at 20%) plus Selic interest.

Pre-filled declaration: new for IRPF 2026

Starting with IRPF 2026, crypto operations made on Brazilian exchanges appear automatically in the pre-filled declaration. This is because exchanges have been reporting transactions to Receita Federal since 2019 (under IN 1888).

What this means for you:

• All DePix purchases (across all platforms) are reported to Receita Federal under IN 1888. This is a legal obligation that the DePix issuer, eulen.app, is required to fulfill. DePix is a regulated and legal instrument in Brazil.
• Pre-filled data serves as a reference, but you must review and correct it if needed.
• Due to the confidential nature of the Liquid Network (Confidential Transactions), neither the Central Bank, nor Receita Federal, nor eulen.app, nor any other entity can determine what you did with your DePix after purchasing it on a platform like the DePix App. This means that only you can calculate the capital gains from any swaps with other crypto assets. For this reason, we recommend that you keep reliable records of all your transactions for proper calculation and declaration on your income tax return, in accordance with applicable regulations.

DeCripto: Receita Federal’s new reporting system

In November 2025, Receita Federal published IN RFB n. 2.291/2025, replacing the old reporting model under IN 1888/2019. Key changes:

• DeCripto (Declaração de Criptoativos) — a new standardized reporting form for crypto asset operations.
• Mandatory submission via e-CAC starting July 2026.
• Aligned with the CARF (Crypto-Asset Reporting Framework) by the OECD — an international reporting standard.
• Expanded scope: beyond buy/sell/swap/donate, now includes staking, mining, airdrops, and crypto-backed loans.
• Does not change tax rules (rates, exemptions, etc.) — only changes how data is reported.

Until June 30, 2026, the old model (IN 1888) remains in effect. The transition is gradual, but stay aware of the new deadlines.

Stablecoins and the IOF question

Resolução BCB n. 521/2025, effective since February 2026, classifies operations with foreign-currency stablecoins (USDT, USDC) as foreign exchange operations, potentially subject to IOF (tax on financial operations).

What about DePix? Since DePix is pegged to the Brazilian real (not a foreign currency), this resolution does not apply to DePix. Converting BRL to DePix is not a foreign exchange operation — it is a conversion of BRL into a crypto asset denominated in BRL. This is an important advantage of DePix over dollar-denominated stablecoins.

Declaration checklist

Use this checklist to make sure your declaration is complete:

1. Checked if my DePix balance on 12/31/2025 was R$ 5,000 or more
2. Declared under Assets and Rights > Group 08 > Code 03
3. Filled in the description with type, quantity, and custody location
4. Entered the acquisition cost (not market value)
5. Checked if I had sales/swaps above R$ 35,000 in any month
6. Calculated capital gains in GCAP for months with taxable operations
7. Generated and paid DARFs with code 4600
8. Imported GCAP data into the annual declaration
9. Reviewed the pre-filled declaration data
10. Declared Bitcoin, altcoins, and other stablecoins separately

IRPF 2026 deadlines

Do I need an accountant?

This guide covers the most common scenario: buying DePix, holding it, and occasionally swapping or selling. For most users, the process is straightforward and can be done independently using the IRPF program.

However, if you made complex operations (frequent swaps between crypto assets, arbitrage, staking, DeFi), a tax professional who specializes in crypto can help avoid errors and optimize your filing. The cost is worth the peace of mind.

Disclaimer: this article is for informational and educational purposes only. It does not constitute tax or legal advice. Tax rules may change. Consult a qualified professional for guidance specific to your situation.

Your financial privacy starts here

Declaring taxes is a legal obligation — but privacy is an inviolable fundamental right, guaranteed by the Brazilian Constitution. With DePix, your transactions on the Liquid Network use Confidential Transactions, safeguarding your rights. Fulfill your tax obligations without giving up your privacy — that is the best of both worlds. Visit depixapp.com and reclaim sovereignty over your financial data.