Brazil Proposes to Tax-Free Green Bitcoin Mining

Cryptocurrency Law Approved in BrazilGreen

Brazil may remove the tax on renewable Bitcoin mining

The proposal states that individuals

A new proposal in the Brazilian Congress calls for a tax exemption on both the importation of crypto mining rigs and on any mining conducted using renewable energy

As per the report, that proposal states that the individuals or firms that import machinery related to cryptocurrency mining and carry out the process using renewable energy

The proposal states that individuals or firms that import equipment related to the mining of cryptocurrencies and carry out the process using renewable energy sources are completely

The proposal also provides for

Brazil Congress considers proposal to exempt tax on renewable

Brazil is Considering Removal of Tax on Renewable Bitcoin Mining

The proposal also provides for tax exemption on imports of computers with mega processing capacity used in mining. There is also a condition for “zero rate” exemption if

Zero tax for renewable mining

Brazil considering zero tax on renewable Bitcoin mining

Zero tax for renewable mining in Brazil will mean importing software and machinery with complete tax exemption. This particular incentive is part of crypto regulations

'Mecca of mining': Brazil considers zero tax on green bitcoin mining