Brazil’s regulated national sports betting market isn’t live yet, but it just got one step closer to launch. The country’s finance minister, Fernando Haddad, said this week that he plans on taxing the online sports betting and casino sectors to offset changes to individual income tax rates.
President Luiz Inácio Lula da Silva announced a change in the country’s Income Tax exemption range in February, which rose from BRL1,903.98 to BRL2,640 (US$368 to $509). This change means the government is facing a revenue loss.
President Luiz Inácio Lula da Silva announced a change in the country’s Income Tax exemption range in February, which rose from BRL1,903.98 to BRL2,640 (US$368 to $509). This change means the government is facing a revenue loss.
