SectorWire
SearchRegister
MenuClose

CNI-backed industry groups propose 15% levy on Brazilian online bets

Regulation

Twenty-five Brazilian industry associations proposed a 15% CIDE-Bets contribution on each online wager, according to a manifesto released by the groups. They said the measure aims to discourage online betting; the proposal cited annual market activity above R$70bn.

A per-wager levy could affect the tax treatment and cost base of betting operators in Brazil.

Request a correction

Flag an issue

Keep reading

Regulation

Alessandro Vieira proposes 15% levy on online bets in Brazil

Senator Alessandro Vieira rejected betting companies’ request for a proposed tax on their gross revenue, citing concern that operators could manipulate the calculation base. His Senate report instead proposes a 15% Cide-Bets contribution on online wagers, with estimated annual revenue of up to R$30bn to fund public security actions. The bill passed the Senate and returned to the Chamber of Deputies for review.

Continue reading