The subject of tax exemptions on gambling prizes/winnings will be debated once more by the government of Brazil.
This follows the PT government’s backing of Provisional Measure (PM) 1,206/2024, which seeks to revise the monthly income tax exemptions for public wages up to BRL 2,824 (€530).
The PM is reported to be favored by President Luiz Inácio Lula da Silva, as a pledge of the Workers’ Party (PT) made during the 2022 General Election to revise Brazil’s income tax brackets for the benefit of ordinary workers.
Consequently, the PT government will propose to Congress “changes in the monthly Income Tax (IR) table to ensure exemption for individuals earning up to two minimum wages, approximately 2,824 reais.”
