Last Tuesday, the 28th, the Brazilian Institute of Responsible Gaming (IBJR) issued an official note recognizing the ‘important advance in regulation for the igaming sector in Brazil with the approval of PL 3626/23 at the Economic Affairs Commission (CAE ) of the Senate’. The text provides for the regulation and taxation of online betting and games.
According to the statement, the project authored by rapporteur Senator Angelo Coronel “reflects the fluid debate with the government and our sector”.
In addition, the institute also analyzed points related to taxation.
“Taxation – one of the points of instability and insecurity for companies operating in the online gaming and betting ecosystem – is received as a positive change that is in line with Brazil’s economic scenario, which should attract a greater number of operators to the Brazilian market”.
“The 18% rate previously proposed fell to 12% of GGR, a percentage more aligned with the construction of a sustainable and safe betting industry for the country in the medium term”, added the note.
IBJR highlighted other positive points of the text
The Brazilian Institute of Responsible Gaming also praised “the maintenance of the Chamber’s text on the operation of online casinos in the country”.
“Another highlight in taxation was the reduction in income tax (IR) on prizes won by players, who will pay 15% on the entire prize, half of the initial proposal (30%). With approval, it is up to the Plenary to sanction all improvements prepared by the Economic Affairs Committee”.
Therefore, the proposal will go to the Senate Plenary this Wednesday, 29th. If the changes proposed by senator Angelo Coronel are approved, the text will return to the Chamber of Deputies.
About the Brazilian Institute of Responsible Gaming
The Brazilian Institute of Responsible Gaming (IBJR) was born from the union of the Bet365, Flutter, Entain, Betsson, Betway, Yolo Group, Netbet, KTO and Rei do Pitaco Groups.
The intention is to assist in discussions and development of the Brazilian sports betting market, based on greater awareness of the dynamics of the sector.
Currently, André Gelfi holds the position of president of the institute.