Brazil proposes 15% GGR tax on sports betting
Brazilian President Lula da Silva and Finance Minister Fernando Haddad have proposed a 15% GGR tax on sports betting, based on a UK model
Brazil's President and Finance Minister propose a 15% gross gaming revenue tax for sports betting and a new tax framework for Instant Games, citing a UK model.
The tax proposal recommends a BRL 30m fee for individual sports betting licenses, each valid for five years.
Serie A clubs seek clarity on the hefty license fee and oppose the CBF's demand to serve as the "centralised collector and distributor of betting fees for Brazilian football."
The government plans to work with stakeholders to find a resolution. Finance Minister Haddad believes the new tax regime could net BRL 12bn per year in taxes.