Haddad renews call for 18% tax rate on Brazilian betting companies
Brazilian Finance Minister Fernando Haddad said the government would again seek an 18% tax rate for sports betting companies, according to the report. Congress approved a 12% rate, while a proposal now under consideration would raise it to 24%; Haddad said Congress will make the final decision. He said the Finance Ministry would provide information requested by the bill’s rapporteur by 13 November.
The competing 12%, 18% and 24% rates leave operators facing uncertainty over the proposed tax burden.