Brazil finance ministry official says tax reform will raise betting levies
Brazilian Finance Ministry executive Rodrigo Orair said tax reform plans would change the tax burden on online betting. The sector would face the full rates of the new IBS and CBS consumption taxes, continue paying a social allocation expected to rise from 12% to 15%, and become subject to the Selective Tax; its rates have not been set.
Operators in Brazil may face additional consumption taxes and a higher social allocation under the proposed changes.