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Brazil's justice minister urges Congress to pursue betting tax law

Regulation

Brazilian Justice Minister Wellington César Lima e Silva called for Congress to develop a separate law or use the proposed Public Security Constitutional Amendment to tax betting operators. The Chamber of Deputies had removed the tax provision from its approved Anti-Counterfeiting Bill; the government will review the proposal before deciding whether to veto provisions.

Any new tax legislation could change the tax treatment of betting operators in Brazil.

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Regulation

Brazil finance minister defends 12% sports betting tax rate

Brazilian Finance Minister Dario Durigan told the Chamber of Deputies’ Finance and Taxation Committee that sports betting tax measures aim to align the treatment of different types of income. He said Congress approved a 12% rate after the government proposed 18%, and put annual tax revenue from registered betting operators at about BRL9 billion.

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