Brazilian lawmaker proposes scrapping 15% tax on betting winnings
Brazilian deputy Cabo Gilberto Silva introduced a bill to repeal the 15% income tax on net winnings from fixed-odds betting, including online sports betting. Silva argued the tax increases users’ burden and could push them towards unregulated or offshore platforms; the proposal would take effect upon official publication if Congress approves it.
The proposal could change the tax treatment of betting winnings and the cost of operating in Brazil’s regulated market.