When tax season comes, the question always pops: "do I need to report my DEPIX? How?". Short answer: reporting is one thing, paying tax is another. This guide explains the current Brazilian rule (IN 1888/2019 from Receita Federal), the thresholds that trigger obligation, and how to treat PIX→DEPIX (which is a 1:1 BRL-pegged crypto purchase). Important: this article doesn't replace an accountant — it's general info to understand the landscape.
- Crypto holdings up to R$5,000 at year-end: no need to report (DAA)
- Holdings above R$5,000: report as asset, but no tax if you didn't sell
- Monthly sales up to R$35,000: capital gains exempt
- Sales above R$30,000/month: report via Coleta Nacional on e-CAC (report ≠ pay)
- DEPIX equals R$1 (1:1 with BRL) — capital gain = ZERO in practice
- Receiving DEPIX as seller is crypto purchase by the payer, not reportable income in your name
Basics: DEPIX is crypto, not money
DEPIX is technically a stablecoin issued on Liquid Network, pegged 1:1 with BRL. For the Brazilian IRS, it's treated as crypto asset — same category as Bitcoin, USDT, USDC. Means it follows the rules of Normative Instruction 1888/2019 (IN 1888) regulating crypto taxation in Brazil.
At the same time, it's a stablecoin pegged 1:1 with BRL, so in practice you have no capital gain between buying and selling DEPIX (bought R$100 in DEPIX and later converted to R$100 BRL, gain = zero).
3 thresholds you need to know
| Threshold | Applies to | What happens |
|---|---|---|
| R$5,000 in holdings (year-end balance) | Total crypto balance on the DAA | Above: report as asset. Below: no need to mention. |
| R$35,000/month in sales | Crypto sales converted to BRL | Below: capital gains exempt. Above: pay tax on the GAIN (not on the full value). |
| R$30,000/month in transactions | Operations on foreign exchange or P2P | Above: report via Coleta Nacional on e-CAC. Reporting ≠ paying tax. |
Scenario 1 — You're an individual receiving DEPIX as seller (most common case)
This is the case for those selling product/service and receiving via PixGo. Remember from the fees article: when your customer pays PIX, it's them (payer's CPF) that appears in the BCB report as having made "crypto purchase". You just receive DEPIX in your self-custody wallet.
In practice this means:
- If year-end you have less than R$5,000 in crypto (DEPIX + others combined): nothing to report.
- If more than R$5,000: report on DAA as "Assets and Rights" → code 81 (Crypto asset). Acquisition value = value received (1:1 with BRL). No associated tax if you haven't sold.
- If you sold DEPIX (converted to BRL via CryPix, sent to bank, or swapped to another crypto): then capital gain calculation kicks in. But since DEPIX is 1:1 with BRL, the gain is zero.
Scenario 2 — You converted DEPIX to another crypto (USDT, BTC)
Swapped DEPIX for USDT, BTC, or other crypto via internal Wallet Swap or BRSwap: this operation is a DEPIX sale followed by purchase of another crypto. For Receita:
- Capital gain on DEPIX sale: likely zero (DEPIX = R$1 always)
- You now hold another crypto in wallet (USDT, BTC). Counts in year-end crypto inventory.
- When you sell THAT crypto (USDT/BTC) for BRL, then you may have capital gain if value rose since purchase.
How to report on DAA (individual) — step by step
If you hit the R$5k threshold in crypto holdings:
- Open the IR program (PGD from Receita Federal)
- Go to Bens e Direitos
- Add new asset → Group 08 (Crypto assets)
- Code:
- 81 — DEPIX (BRL-pegged stablecoin)
- 82 — USDT, USDC and other USD-pegged stablecoins
- 89 — Bitcoin (BTC)
- 09 — Other crypto assets not listed
- Discriminação: free-text description. E.g., "DEPIX (Liquid stablecoin pegged with BRL) in self-custody wallet."
- Situation on Dec 31 prior year: value you had previous reference year (usually zero if first declaration)
- Situation on Dec 31 base year: BRL value of holdings (DEPIX = 1:1 with BRL, so direct number)
- Save
How much tax in practice?
On capital gains in crypto:
| Monthly gain | Rate |
|---|---|
| Up to R$35,000 monthly sales | 0% (exempt) |
| Up to R$5M in gain | 15% |
| R$5M — R$10M in gain | 17.5% |
| R$10M — R$30M in gain | 20% |
| Above R$30M in gain | 22.5% |
For 99% of people using PixGo, the rate is zero — you stay below the exemption threshold and DEPIX is 1:1, no gain. Tax only kicks in if you operate with volatile crypto in large volume.
MEI and Company — special case
If you operate as MEI or company receiving DEPIX, revenue must be declared on DASN-SIMEI (MEI) or company books normally. ALWAYS consult an accountant for this.
Best practices to keep organized
- Export monthly reports from the Dashboard
- Save swap history inside PixGo Wallet
- Note balance on Dec 31 — that's the number going to DAA
- Keep for 5 years — IR can request proof up to 5 years later
- Crypto accounting software (Coinpanda, Koinly, etc) for volume above R$10k/mo
Practical summary
- DEPIX is crypto (IN 1888), but worth 1:1 with BRL → capital gain always zero
- Holdings < R$5k: nothing to report
- Holdings > R$5k: report as asset (group 08, code 81)
- Sales up to R$35k/month: exempt from gain tax
- Foreign transactions > R$30k/month: report via Coleta Nacional
- MEI/Company: revenue counted normally, double attention
- When in doubt: accountant, always.
Related reading: PixGo fees · 4 paths to cash out DEPIX · Per-tier limits
