SectorWire
SearchGet the daily briefing
Menu

Brazil’s Chamber of Deputies removes proposed CIDE-Bets tax from bill

Regulation

Brazil’s Chamber of Deputies removed the proposed CIDE-Bets tax from the Anti-Faction Bill before approving its main body, according to the report. The proposed levy, which was expected to raise about R$30 billion annually, is to be discussed separately, Deputy Guilherme Derrite said.

The bill’s passage leaves betting-tax proposals for separate debate rather than imposing the proposed levy through this measure.

Request a correction

Keep reading

Regulation

ANJL opposes proposed 15% CIDE-Bets charge in Brazil

The National Association of Games and Lotteries (ANJL) said a proposed 15% CIDE-Bets charge could undermine licensed betting companies in Brazil. The association cited an existing sector tax burden of nearly 48% and warned that smaller operators could close; the measure remains part of the proposed Anti-Faction Bill.

Continue reading