Brazil’s Receita Federal sets 15% tax rules for online betting winnings
Brazil’s Receita Federal issued rules for personal income tax on net winnings from fixed-odds betting and fantasy sports, according to the published instruction. Taxpayers must calculate annual net results separately across three categories, with a 15% rate applying to amounts above the first annual income-tax band; payment is due by the last working day of April. Operators must provide bettors with an electronic ComprovaBet statement by the last working day of February.
The rules establish annual reporting and payment duties for bettors and a new statement requirement for betting operators.