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Brazilian lawmakers consider doubling betting tax rate to 24%

Regulation

Brazil's government and Congress are debating a proposal to raise the tax rate on sports betting operators' gross revenue from 12% to 24%, reportedly as part of efforts to balance public accounts. The Chamber of Deputies' Finance and Taxation Committee approved urgent consideration on 23 October, and the bill is due for plenary review, with no voting date set. An industry association president warned the increase could prompt licence returns and migration to illegal operators.

The proposed tax increase could change operators' costs and prompt licence returns or shifts to unlicensed gambling.

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Efraim Filho amendment suggests 20% tax rate on betting winnings

Senator Efraim Filho’s Amendment 14 to Brazil’s Provisional Measure 1357/2026 proposes raising income tax on net betting winnings from 15% to 20%, according to the report’s account of the amendment. The increase appears in its justification as a possible source of compensation for a proposed tax credit for textile retailers, rather than in the amendment’s operative provisions.

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