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Brazilian lawmakers delay vote on bill raising betting taxes by 50%

Regulation

A Brazilian congressional committee postponed until 7 October a vote on a provisional measure that would raise taxes on betting companies by 50%, among other changes. The measure must pass the committee, Chamber of Deputies and Senate by 8 October or expire; the government said it remained confident of approval, while some party leaders doubted it could pass.

The vote’s timing affects whether betting operators face the proposed tax increase before the measure expires.

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Brazilian lawmakers discuss raising betting taxes in tax-benefit bill

Brazilian congressional leaders and the government were discussing whether to add higher taxes on betting companies and fintechs to a bill reducing tax benefits, according to the report. A Senate committee-approved proposal would raise the tax on betting companies’ gross revenue from 12% to 15% next year and 18% from 2028; the article said the bill’s rapporteur had not disclosed his plans. The proposal remained under negotiation.

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