Brazil raises betting companies’ tax rate to 18% from October
Brazil’s government raised the tax on betting companies’ revenue from 12% to 18%, with the new rate taking effect in October. Six sector associations had asked Finance Minister Fernando Haddad for an urgent meeting on 2 June, citing concerns about a possible increase; the Finance Ministry did not respond to a request for comment.
The higher rate changes operators’ tax burden from October, after industry associations sought a meeting with the finance minister.