Brazil finance minister says sports betting tax raises R$9bn annually
Brazil’s Finance Minister Dario Durigan defended the government’s tax policy at a congressional hearing on 17 June, saying sports betting taxes and changes to high-income taxation aim to address unequal treatment of income. He said betting-company tax revenue is R$9 billion a year; the government had proposed an 18% rate, while Congress approved 12%.
The approved 12% rate and stated annual revenue inform operators’ assessment of Brazil’s tax environment.