SectorWire
SearchRegister
MenuClose

Lula backs raising Brazil’s online betting tax rate to 18%

Regulation

Brazilian President Luiz Inácio Lula da Silva backed raising the tax rate on online betting from 12% to 18% in a podcast interview released on 19 June. He also supported increasing the IOF, while Senator Randolfe Rodrigues said the government had not settled its position on casino legalisation.

A higher proposed betting tax rate could change operators’ tax exposure in Brazil.

Request a correction

Flag an issue

Keep reading

Regulation

Lula backs legislation to ban online gambling in Brazil

Brazilian President Luiz Inácio Lula da Silva called for legislation to prohibit online gambling in a national broadcast on 8 March, prompting opposition from regulated-market representatives. ANJL president Plínio Lemos Jorge argued that restrictions should target illegal gambling, while the association’s legal consultant Bernardo Freire warned that a ban could affect the regulated sector.

Continue reading