Treasury Minister Fernando Haddad announced this Tuesday (7) a new charge for betting companies, known as bets. According to Haddad, they will have to pay a retroactive 30% fee.
This amount is made up of 15% taxes and another 15% fine, corresponding to the period in which they operated without taxation in the country.
Program for repatriation of resources
Haddad explained that the Federal Revenue Service would face difficulties in carrying out retroactive collection, highlighting the challenge of identifying the betting companies that operated in the country and sent their profits abroad.
In light of this, the government will create a specific program within the Provisional Measure (MP) report as an alternative to the Financial Transactions Tax (IOF). The purpose is to repatriate these funds.
The statement was made during a press conference at the Federal Senate, where the agreement for the vote on the MP was detailed.
Furthermore, the report presented by Congressman Carlos Zarattini (PT/SP) removed the government’s original proposal, which proposed increasing taxation on betting profits from 12% to 18%.
Expected revenue from betting companies and the future of the sector
According to the minister, the repatriation of resources is expected to generate R$5 billion in revenue. Consequently, this amount is equivalent to three years of revenue that would have been obtained with the original measure.
For him, the time gained will allow him to analyze the sector more cautiously and monitor its progress before making new decisions.
Haddad stated: “Congress itself will, in due course, look into these figures and determine whether it is advisable to maintain the current situation or, in light of the sector’s dynamics, to deliberate on the matter again.”
Finally, the Treasury Minister highlighted that mutual concessions between the government and parliamentarians made it possible to approve the measure this Tuesday (7), in the Joint Committee. The text still needs to pass through the Chamber of Deputies and the Senate this Wednesday (8), to remain valid.
