Brazilian betting institute opposes proposed online gambling tax rise to 18%
The Brazilian Institute of Responsible Gaming (IBJR) has opposed a proposed increase in online gambling tax in Brazil under Provisional Measure 1.303, which is under congressional discussion. The measure would raise the rate from 12% to 18%; Finance Minister Fernando Haddad defended the proposal at a parliamentary hearing, citing a rise in tax expenditure from 2% to 6% of GDP.
A higher proposed tax rate could change costs for licensed operators if Congress adopts the measure.