Free Market Parliamentary Front opposes proposed CIDE-Bets tax and retroactive collection
Brazil’s Mixed Parliamentary Front for the Free Market issued a manifesto opposing the proposed CIDE-Bets tax and retroactive tax collection under the Anti-Faction Bill. It argued that the proposed 15% levy on user deposits could raise betting costs and encourage migration to illegal operators; it also opposed retroactive collection from legal entities and their representatives who operated fixed-odds betting through 31 December 2024.
The proposals could change regulated operators’ tax costs and expose past market participants to retroactive collection.