The Federal Government intends to tax the sector of electronic betting on sports games in order to compensate losses with the changes published in the Income Tax (IR) table, informed this Wednesday, March 1st, the Minister of Finance, Fernando Haddad.
“I’m going to regulate. We readjust the IR table, and that has a small loss, but it does. We’re going to compensate with taxation on these electronic games that don’t pay tax, but take a fortune from the country”, he said in an interview with UOL.
According to Haddad, the intention is to regulate this activity this March. “Gambling worldwide is taxed”, added the minister.
Fernando Haddad stressed that the Ministry of Finance is still finalizing estimates of how much it would be possible to collect from this taxation, however, that it would be ‘on the order of billions’ of reais. “Not many (billions), but some,” added the person in charge of the portfolio.
In February, the President of the Republic Luiz Inácio Lula da Silva announced an increase in the Income Tax exemption range, from the current R$ 1,903.98 to R$ 2,640.
According to the Secretary of the Federal Revenue, Robinson Barreirinhas, 13.7 million people will not need to pay the Income Tax (IR) from May onwards due to this change in the table. The amount corresponds to about 40% of the total contributors.
With the proposal, the federal government will stop raising 3.2 billion reais in 2023, taking into account that the measure will come into effect in May. In 2024, the impact on the Union’s accounts will be R$ 6 billion.
Federal Government is working on MP text to regulate the betting sector
Journalist and sports commentator, Paulo Vinicius Coelhos (PVC), recently revealed that the government is working on the text of a Provisional Measure aimed at establishing rules for the betting sector.
The proposal was authored by José Francisco Mansur’s team, advisor to the Special Secretariat of the Ministry of Finance. The Ministry of Finance would have already forwarded the MP to be analyzed by the Civil House and signed by President Lula. Remembering that the activity was legalized in December 2018 by then President Michel Temer.
