Brazil’s Finance and Taxation Committee approved an urgent request for a bill that would raise the tax rate on gross betting revenue from 12% to 24%. The proposal will go to the Chamber plenary, but no vote date has been set; the government supports the measure as part of its fiscal package.
A proposed increase in betting tax would change operators’ tax burden if Congress approves it.
The day’s most important stories, free. One email a day.
Brazil’s Senate and Ministry of Finance are discussing a bill that would raise the tax rate on online gaming platforms from 12% to 24%, according to the report. The proposal also includes higher CSLL rates for banks, credit companies, fintechs and securities distributors. Finance Minister Fernando Haddad said the ministry planned to send information to the bill’s rapporteur, Eduardo Braga, to support his report.
Brazilian lawmakers are considering proposals to raise taxes on betting companies, with one bill proposing an increase from 12% to 24%. Industry representatives are reported to accept taxing gross revenue but oppose the proposed rate and seek removal of the 15% tax on bettors’ net winnings. The Senate Economic Affairs Committee was due to vote on a separate rate-increase bill on 4 November.
Brazil’s Senate Constitution, Justice and Citizenship Commission approved a report preserving betting company funding for Brazilian sport. The outlet attributed the reversal of an earlier Senate decision to pressure from industry organisations.
Brazil's Economic Affairs Committee approved a bill to redirect 0.01% of federal lottery revenue from Fenaclubes to the Brazilian Club Committee (CBC). The proposal now goes to the Senate plenary, with a request for urgent consideration, and would retain the funding's purpose of professional training.
Brazil’s Chamber of Deputies Finance and Taxation Committee approved a bill changing how Timemania lottery proceeds are distributed, and the proposal continues through the legislature. It would allocate half of receipts equally among participating clubs, with the remainder distributed according to bettors’ selections, and reopen club enrolment every two years; the Constitution and Justice Committee is next to review it.