Senate committee withdraws Brazilian tax bill covering betting operators
Brazil’s Senate Economic Affairs Committee removed a bill to raise taxes on betting operators, banks and fintechs from its agenda on 4 November, reportedly after rapporteur Eduardo Braga identified a risk of defeat. The proposal would increase the contribution on betting revenue from 12% to 24%; Braga said he would discuss the bill’s viability with the economic team.
The proposal’s uncertain progress leaves betting operators facing an unresolved prospect of higher taxation.