SectorWire
SearchRegister
MenuClose

Brazilian Senate and Finance Ministry discuss doubling online betting tax to 24%

Regulation

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.

If enacted, the proposed rate increase would raise the tax burden on online betting platforms in Brazil.

Request a correction

Flag an issue

Keep reading

Regulation

Brazil Senate human rights committee invites finance minister to discuss betting market

Brazil’s Senate Human Rights Committee approved an invitation to Finance Minister Darío Durigan to discuss betting regulation, oversight and socioeconomic effects. The committee also invited Daniele Correa Cardoso, head of the Finance Ministry’s Secretariat of Prizes and Betting; no hearing date has been set. Durigan has called for tighter controls, including graduated advertising restrictions, higher taxes and transparency rules.

Continue reading