THE TAXATION OF CRYPTOCURRENCIES IN THE LIGHT OF THE CURRENT LEGISLATION

Abstract

The present study aims to analyze the incidence of Income Tax on operations involving cryptocurrencies in the light of current tax legislation. In this sense, an analysis of the current context was carried out with the objective of establishing the necessary guidelines to guarantee an effective regulatory environment. With that, at first, we started with the conceptualization of cryptocurrencies, their peculiarities and implications in the tax sphere. Then, we sought to present the tax legislation on the collection of Income Tax in Brazil, and finally relate any regulation of tax legislation with cryptocurrencies. To reach a conclusion about the problem, the work used as a methodology the bibliographical analysis of national works on concepts that involve the taxation of cryptocurrencies, observing their legal repercussions, through the reading of books, magazines, articles and publications relevant to Law, especially with regard to the tax harvest. In this context, the work examined alternatives capable of reconciling regulation and supervision by the State, considering legal certainty and the relevance of businesses involving cryptocurrencies. Thus, it can be concluded that the capital gain obtained with cryptocurrencies can be earned by charging Income Tax at the time of sale of these digital assets.