Brazilian lawmakers debate proposed online betting tax of up to 42%
Brazil’s Congress is debating a possible tax burden of up to 42% on online betting, reportedly, as lawmakers consider reforms to the sector’s tax model. Representatives of licensed operators warn that higher taxation could weaken regulated businesses and expand illegal betting, while some legislators argue it could increase public revenue and address social impacts. No final rate has been set.
The proposed rate could affect the competitiveness and costs of licensed betting operators in Brazil.