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Tag Archives: Taxation

Lawmakers to hold public hearing on online gambling tax rate

Deputies have approved a request put forward to the Finance and Taxation Committee to hold a public hearing to discuss the taxation of online gambling in Brazil. The request was put forward by Deputy Mário Negromonte Jr. The deputy said that he wanted to hear from representatives of the Ministry of Finance and some companies…

Brazil – Lawmakers propose amendment to resolve tax on player winnings

The government could be close to resolving the issue of the tax rate on player winnings. President Luiz Inácio Lula da Silva sanctioned online sports betting and casino games on December 30. The original bill provided that prizes up to BRL 2,112 (the limit of the lowest Personal Income Tax bracket at the time) would…

Brazil – Sports betting bill could cover online casinos and lower tax rate

The online sports betting bill in the lower house (PL 3626/2023) could also cover online casinos as well. According to local press Adolfo Viana, the rapporteur of the online sports betting bill, has included online casinos in the bill. The plenary of the Chamber of Deputies could vote on the sports betting bill put forward by Deputy Adolfo…

Ecuador – Court approves tax on sports betting

The constitutional court of Ecuador has approved new taxes on sports betting. The reforms are part of a much wider tax reform bill that includes tax cuts for most families.   The court had to endorse or reject two decrees signed by President Guillermo Lasso after he disbanded the National Assembly after facing a vote…

Ecuador – Government to tax online sports betting operators

The government of Ecuador has put forward a tax reform project that proposes creating a single tax on the income received by sports betting operators with legal residence in the country. The bill was put forward by Finance Minister Pablo Arosemena to the National Assembly and proposes a 15% tax on GGR on operators. In…

Brazil – Sports betting tax rate could be increased

According to local press the Finance Ministry of Brazil may have raised the proposed tax rate for its online sports betting bill by 1% to 16% tax on gross gaming revenue (GGR), as opposed to the 15% as initially outlined. Sources from the Finance Ministry told news outlet Globo said that the increase of one percentage point in…

Brazil – Tax Rate confirmed during public hearing on sports betting

The Finance and Taxation commission in the Chamber of Deputies held a public hearing to discuss the regulation of sports betting. Deputy Júnior Mano, who asked for the debate, reminded fellow lawmakers that it had been the Temer government which had enacted Law 13.756/18, which governs the permission and regulation for the operation of sports betting…

Brazil – Announcement on sports betting tax expected soon

Minister of Finance Fernando Haddad has confirmed that certain sectors of the economy which have not been taxed before will now be taxed as part of a much broader tax reform aimed to meet with the objectives of President Luiz Inácio Lula da Silva’s budget. Brazil’s new fiscal framework targets a zero primary deficit in…

Brazil – New bill in Rio de Janeiro seeks to attract sports betting investment

Councillor for the city of Rio de Janeiro Pedro Duarte announced that he will put forward a bill similar to a bill approved recently by the governor of São Paulo. If approved the bill will reduce the ISS (Tax on Services of Any Nature) in order to create new jobs and generate more investment opportunities…