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Brazil’s Federal Revenue Service clarifies betting-tax base for PIS and Cofins

Regulation

Brazil’s Federal Revenue Service clarified that funds passing through betting operators’ accounts without becoming their assets are excluded from gross revenue for PIS and Cofins, according to the report. The clarification followed an inquiry from operators; ANJL said the treatment addresses uncertainty over tax calculations.

Operators can assess whether pass-through amounts belong in their PIS and Cofins calculation base.

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Regulation

ANJL says Brazil betting prohibition will not eliminate gambling

The National Association of Games and Lotteries (ANJL) told a Brazilian Supreme Court public hearing that banning fixed-odds betting would not end gambling, according to a report. ANJL consultant Pietro Cardia cited a 32% fall in betting volume in 2026 and said more than 60% of the market was regulated before the measure; consultant Bernardo Freire said demand had shifted to illegal sites after its introduction.

At a Supreme Court public hearing presided over by reporting justice Luiz Fux, the National Association of Games and Lotteries (ANJL) argued that banning fixed-odds betting in Brazil does not amount to the absence of gambling. The association used the hearing to stress that the market needs deeper regulation, which it described as the best way to protect and look after consumers.

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