Brazil transitions to new GGR-based tax regime

Key Latam territory ditches fixed percentage system in favour of European-style GGR-derived tax

Operators in Brazil will now be charged tax based on gross gaming revenue (GGR), signalling an end to the country’s turnover tax model. President Jair Bolsonaro passed the newly amended gambling taxation regulation, which will see a fundamental change to the tax system for sports betting operators in Brazil. Provisional Measure 1,034/21, which proposes changes…

Brazil | Regulation | Sports betting | Tax