The government’s Secretary of Economic Policy, Guilherme Mello, participated in UOL News this Monday, 3rd. He commented on the taxation of the sports betting sector. Minister of Finance, Fernando Haddad, announced that the Federal Revenue expects to collect from R$ 12 billion to R$ 15 billion with the taxation.
According to the secretary, the regulation of this sector is essential for the sake of “compliance”. “We need to be clear that this world of betting is not contaminating, let’s say, the world of sports. And all this requires regulation, a standardization that the sector itself demands”, said Guilherme Mello.
According to the government member, the betting sector should become even more competitive and robust with regulation and taxation. “From there you create a competitive, fair structure, where all actors will compete by the same rules. Obviously this will generate revenue, but much more than revenue, it will generate a much better structured market”.
Regulation of the betting sector should take place in April
It is important to note that the Ministry of Finance informed interested parties that the provisional measure (MP) for sports betting will be ready in April. The MP is being prepared and has already had some details revealed by the minister, Fernando Haddad.
The technicians established that a rate of 18% to 20% will be applied on the GGR (Gross Gaming Revenue) of the companies. The licenses to authorize the operation should cost around R$ 30 million and will be valid for five years.
Guilherme Mello also commented on taxation for foreign companies that sell through digital retail. “What we are talking about is complying with the law. Today there is a forecast that products coming from another country by individuals, a gift, something that a friend of yours sent from another country, are exempt up to a certain value”, he said.
“The problem is that some companies use this window of opportunity to bring a huge set of products that are not from individuals to individuals, despite being ready to do so, and they promote an environment of unfair competition with companies that pay their taxes, are installed here, generate jobs. This generates a distortion, an evasion of due tribute that creates a scenario of unfair competition”, he concluded.
