Beginning its hearing, the parliamentary inquiry into the Bets regulatory regime is told that, somehow or some way, Brazil Bets tax liabilities will be accounted for… As the first quarter of the Brazil Bets market winds down, its nascent regulatory framework has guaranteed just one certainty: that tax liabilities remain unaccounted for. The week of 11 March marked the first …
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Player taxes on Brazil Bets make a distinction on licensed & unlicensed winnings
Guidelines on Personal Income Tax (IRPF) have been updated for Brazilian citizens to register prizes and winnings from online gambling and sports betting activities. Receita Federal, the Federal Revenue Service of Brazil, has updated articles of its “General Coordination of Taxation” to include new provisions for consumers to declare profits/winnings generated from online gambling. An update to the IRPF guidelines …
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