Congress rejects proposed 15% Cide-Bets levy in Brazil
Congress removed the proposed additional 15% tax on betting from the Anti-Gang Bill, according to an account of the decision. The National Association of Games and Lotteries said it supported the removal and warned that the levy could weaken licensed operators and benefit illegal platforms; the article puts the sector’s existing total tax burden at nearly 48%.
The proposal’s removal avoids an additional tax that the association said could undermine licensed betting businesses.