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Brazil’s Chamber president defends removal of proposed betting tax

Regulation

Brazilian Chamber of Deputies president Hugo Motta said the chamber removed the proposed CIDE-Bets tax from the Anti-Counterfeiting Bill because its focus was organised crime, not sector-specific taxation. The proposed 15% levy was projected to raise up to R$30 billion annually; Motta questioned that estimate and warned that excessive taxation could favour illegal betting. The bill is ready for presidential sanction, while the tax is expected to be considered separately.

Operators face uncertainty over a proposed 15% levy that could return in separate legislation.

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Regulation

Brazil Senate approves proposed 15% tax on online betting deposits

Brazil’s Senate approved a proposal for a 15% tax on online gambling deposits as part of the Legal Framework to Combat Organised Crime; the measure still requires approval by the Chamber of Deputies. ANJL and IBJR criticised the proposal, arguing it could drive users towards unlicensed platforms. IBJR cited an estimate that 51% of platforms operate illegally and said they transact R$78bn annually.

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