Brazilian gaming associations oppose proposed tax increases
The Brazilian Institute of Responsible Gaming and other industry associations warned that proposed tax changes could threaten regulated gambling businesses in Brazil. The new CBS and IBS levies are expected to add 13% to gross-revenue taxes, bringing the total close to 39% before profit taxes and inspection fees; a recently approved Selective Tax could take the burden near 50%, though its rate is not yet defined.
The proposed levies could materially change regulated operators’ tax costs and affect their decisions to remain in Brazil.