Brazil's Cosit confirms annual tax calculation for betting prizes
Brazil's Cosit published Consultation Solution 157 on 26 August 2026, reportedly confirming annual income-tax calculation for net winnings from fixed-odds betting and fantasy sport. Taxpayers calculate results separately across three betting categories, offsetting losses only within each category, and are responsible for filing and payment.
Operators need to account for taxpayers calculating and paying tax on net winnings rather than operators withholding it per event.