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Brazil projects R$260m from higher betting GGR taxation

Regulation

Brazil’s Federal Revenue Service projected R$260 million in revenue from an increase in gross gaming revenue taxation for betting operators. Secretary Robinson Barreirinhas said tax measures affecting betting, fintechs and interest on equity are expected to generate R$4.4 billion in total.

The projected tax increase affects the fiscal costs of regulated betting operators in Brazil.

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Regulation

Brazil sets betting tax rules with GGR levy rising to 15% in 2028

Brazil’s government issued rules for the Contribuição Social sobre Bens e Serviços and the Imposto sobre Bens e Serviços, which together are expected to carry a rate of about 26.5%. The framework taxes betting and lottery GGR after prizes and specified mandatory allocations are deducted, while the GGR levy is scheduled to rise from 12% to 15% in 2028.

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