Brazilian committee keeps betting levy at 12% in MP 1303 vote
A Brazilian joint committee approved a report on Provisional Measure 1303 by 13 votes to 12, retaining a 12% contribution on betting companies’ gross revenue instead of the government’s proposed 18% rate. The text also allows the Finance Ministry to refuse betting authorisations where reasonable legal doubt exists about controllers’ or administrators’ integrity; the measure still faces further consideration.
The proposal preserves the 12% levy while adding a potential integrity-based ground for refusing betting authorisations.