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Brazil finance minister backs tighter betting oversight and higher taxes

Regulation

Brazilian Finance Minister Dario Durigan advocated stronger oversight and higher taxes on betting companies at an event on 24 July, while also backing restrictions for people in financially vulnerable circumstances. He said the government wants to use operator betting data to identify frequent bettors and prevent benefit recipients and people using the Desenrola debt programme from betting. Durigan also said the government was working to reduce betting advertising.

The proposals could affect operator reporting, taxation, customer access and advertising in Brazil.

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Regulation

Brazil finance minister defends 12% sports betting tax rate

Brazilian Finance Minister Dario Durigan told the Chamber of Deputies’ Finance and Taxation Committee that sports betting tax measures aim to align the treatment of different types of income. He said Congress approved a 12% rate after the government proposed 18%, and put annual tax revenue from registered betting operators at about BRL9 billion.

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