Brazil Chamber withdraws bill with proposed retrospective betting taxes
Brazil’s Chamber of Deputies withdrew PM 1,303 after it failed to secure enough support, removing a proposal to tax betting operations retrospectively for 2014–2024. The measure also would have replaced the planned rise in gambling tax from 12% to 18% of GGR; operators will return to the original 12% rate, the source states.
The withdrawal removes the proposed retrospective tax and changes the tax rate operators face in Brazil.