Brazil backs away from taxation
Brazil backs away from taxation in Brazil chamber of deputies, government vote. Finance minister Fernando Haddad pushed for a raise in taxation on gambling revenue from 12% to 18%. Having previously won a debate with a narrow win, this week, the chamber voted against the move.
This might seem a positive move for some operators, but Brazil is still in the beginnings of rewriting their legal frame work for gaming.
What's next for Brazils iGaming Industry?
The retroactive taxation which was suppose to grip 2014 to 2024 was taken off the table, and put to rest, for now. The initial 12% taxation of GGR, Gross gaming revenue, remains in effect, until further decisions are made. This move of taxing the GGR would potential harm operators to continue to work in Brazil and RTP, Return to player, value would shift more into a grey market.
In a move to curb on illegal gaming operators in Brazil, the chamber and government are looking into fiscal measures to tighten the grip on taxation and possible huge gains in future tax.
With elections coming in 2026, the betting and casino legislation are the hot topic. It remains to be seen, which direction the chamber is willing to go. Transparency and consistency in regulations are needed, and Brazil has very little to offer for now.
Online casinos in Brazil
Online casinos in Brazil are now limited to casinos with a Brazilian license. Some stricter rules were imposed in the recent years, splitting the betting and online casino entities. Operators without a valid purchased license, are prohibited from operating in Brazil. Shut down on advertisement and hefty fees are imposed on breaches.
Where Can I find more info for Brazilian casinos?
Our Partner site Cassinov.com is dedicated to give Brazilian players the platform their need to enjoy online casino. Brazil has still plenty of room to grow and have some nice goodies for new players, such as Free Spins on Registration in Brazil.
