Brazil’s Finance Ministry sets tax liability rules for illegal betting
Brazil’s Finance Ministry published Ordinance MF No. 1.766/2026 on 18 June, setting joint tax liability for financial and payment institutions that facilitate transactions for illegal betting operators and people or businesses that advertise them. The SPA and Federal Revenue Service may give notified parties 24 hours to restrict transactions; the ordinance took effect on publication and provides for an administrative tax procedure with rights to respond and present a defence.
Payment firms and advertisers may face joint tax liability and a 24-hour deadline to restrict transactions linked to illegal betting.