Brazil’s government is yet to settle on the final criteria of its pending tax framework for a federal sports betting regime.
As reported by local media, Sports Minister Ana Moser has put forward the ‘economic team on sports betting’ – a proposal to increase the gross gaming revenue (GGR) tax rate from 15%-to-16%.
In her proposal, Moser recommended that the Ministry of Sports should function as the central tax collector for Brazilian betting, allocating funds to various public agencies and sports organizations.
The proposal is anticipated to be examined by Congress on 5 May, with the Ministry of Sports committing to allocate 10% of taxes to social security and 2.55% to the National Public Security Fund.
