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