Brazilian Senate approves 15% tax on online betting
The bill sets a special levy for online betting operators and expands liability for servicing illegal platforms. It also offers a temporary legalization mechanism for unlicensed operators.
Brazil’s Senate approved an updated bill to combat organized crime, which предусматриває new measures related to online betting.
The document introduces a special levy for online bookmakers: 15% of the transfers that players make to betting operators. The tax will remain in effect until the full launch of the Selective Tax as part of the tax reform, and the collected funds will be directed to the National Public Security Fund. Lawmakers estimate annual revenue could reach around 30 billion reais ($6 billion).
The bill also proposes a temporary mechanism to legalize unlicensed operators, which could bring in up to 7 billion reais ($1.4 billion). At the same time, the fight against the illegal market is being strengthened—liability is extended to payment companies and financial organizations that service illegal platforms.