Tag Archives: ANJL

The government of Brazil has elected Giovanni Rocco Neto to serve as the first National Secretary of Sports Betting for the Economic Development of Sport. Neto will take charge of the newly created role to ‘coordinate and supervise the economic development of Brazilian sports’, benefiting from the launch of the Bets market—the federal framework that will regulate online betting and …

Brazil has been flooded with gambling licence applications, some companies even scrambling to get through the doorstep with submissions made right on the deadline date.  It is common knowledge that Brazil is gearing up for the launch of a nationwide regulated market, which when put to action is set to become one of the biggest global markets overnight.  For that …

The tax framework applied to player prizes and winnings has been settled for Brazil’s Bets market. Yesterday, the Federal Revenue Service (RFB) of Brazil confirmed its ruling on personal income tax (IRPF) that will be applied to ‘net prizes’ obtained via betting, lotteries, and online gambling. As anticipated, the RFB approved the government’s modality to impose a 15% personal income …