Brazilian senator proposes 15% tax on betting deposits
Senator Alessandro Vieira proposed a 15% Cide on deposits made by bettors at betting companies, with a vote scheduled in the Senate Constitution and Justice Committee on 10 December. Vieira estimated the measure could raise up to R$30bn annually for the National Public Security Fund; ABFS director Heloísa Diniz argued it could encourage illegal betting, while Vieira did not respond to a request for comment.
The proposal could change the tax burden on regulated betting deposits and affect operators' competitiveness against illegal sites.