Brazil finance official says tax reform will change betting tax burden
Brazilian Finance Ministry executive secretary Rodrigo Orair said tax reform and the proposed Selective Tax are expected to affect betting operators. He said the sector would pay the full rates of the new IBS and CBS consumption taxes, while the social allocation rate is expected to rise from 12% to 15%; Selective Tax rates remain undefined.
Operators need to assess a proposed tax framework that would add new consumption and Selective Tax liabilities alongside a higher social allocation.