Brazil Enforces 15% Tax on Winnings

[MissExposé]

Brazil's tax framework for player prizes in the betting market has solidified, with the Federal Revenue Service outlining a 15% personal income tax on prizes exceeding BRL 2824. Despite contentious debates, this measure, endorsed by President Lula da Silva, aims to integrate Brazil into the global betting arena while raising revenue and ensuring market integrity. The launch of the sports betting market, with a 12% tax rate and stringent regulations, signals Brazil's commitment to a regulated and responsible gambling sector, despite criticisms from industry associations.

Source: https://news.worldcasinodirectory.com/brazil-introduces-15-tax-on-player-prizes-in-betting-and-online-gambling-113300

 

[Jops]

Responsible my ass lol. It never has anything to do with that. It’s just a money grab.

 

[douglasburn777]

This tax is a blatant rip-off that will stifle the growth of the betting market in Brazil