Brazilian betting operators to face 3% turnover tax

Consultation changes invalid as reports allege so-called bad actor clause could also be dropped

Brazilian sportsbook operators will face a 3% tax on turnover rather than the previously expected 1%, EGR understands. Initial provisions in law 13,756/2018 had set the rate at 3% of turnover, however in a consultation paper released by SECAP earlier this year, the regulator had proposed reducing this to 1% in a revised version of…

Brazil | Montgomery & Associados | Regulation | Sports betting | Tax