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Brazilian Senate committee weighs 15% levy on betting transfers

Regulation

Brazil’s Senate Constitution and Justice Committee was due to consider a proposal on 10 December to establish a levy on fixed-odds betting transfers. The proposed CIDE-Bets would apply a 15% rate to transfers from individuals to betting platforms and be withheld by financial institutions. The report cited Central Bank data estimating annual proceeds of up to R$30bn, earmarked for the National Public Security Fund after collection costs.

The proposed withholding levy could change the tax cost and payment flows for betting operators in Brazil.

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Regulation

European Parliament committee considers EU-wide online gambling levy

The European Parliament's Budget Committee proposed considering an EU-wide online gambling levy in an opinion vote on the 2028–2034 long-term budget, according to the report. The vote was tentative, and the proposal would require unanimous approval from all 27 member states. The EGBA argued that an additional levy could disadvantage licensed operators and benefit illegal operators; a parliamentary vote on the committee opinion was expected later in April.

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