SectorWire
SearchRegister
MenuClose

Brazil confirms 15% tax on qualifying betting and gambling winnings

Regulation

Brazil’s Federal Revenue Service confirmed a 15% personal income tax on net prizes from betting, lotteries and online gambling above BRL 2,824, with lower net prizes exempt. Operators will withhold the tax when crediting winnings; net prizes are calculated as prizes won minus amounts wagered. The report says the framework follows approval by the RFB and applies as Brazil prepares its Bets market launch.

Operators will need to withhold tax from qualifying customer winnings under the stated framework.

Request a correction

Flag an issue

Keep reading

Regulation

Brazilian justice suspends lower-court challenges to betting ban

Brazilian Supreme Federal Court Justice Luiz Fux ordered lower-court cases challenging the constitutionality of the country's betting ban to be suspended. The order remains in force pending a full-court review and final decisions in four cases; it prevents companies from obtaining new individual court authorisations to operate in the meantime.

Brazilian Supreme Federal Court Justice Luiz Fux ordered lower courts to suspend cases challenging the constitutionality of the government's ban on sports betting and online gaming platforms. The decision prevents companies from obtaining new individual court authorisations to continue or resume operations for the time being.

Continue reading