Senator Ciro Nogueira (PP) from Piauí is the author of Bill 186/2014, which at the same time regulates jogo do bicho, bingos, electronic games, video lotteries, video bingos, resort casinos, online sports betting, and online bingo. For everyone, this is the most comprehensive of the projects presented at the Congress.
Nogueira is a specialist in the field and aware of the needs of the international market to invest in Brazil. His designation as rapporteur of PM 1034/2021 is encouraging news for the approval of the tax exchange system for sports betting tax considering GGR.
On June 3rd, the plenary of the Chamber of Deputies approved PM 1034/21. In the discussions, the chapter of law 13756/18 (fixed quota or sports betting) was changed, which now considers the payment of taxes on net revenue from collection, less income tax and prizes (GGR). This change in the tax system was an insistent request from the market to the Brazilian government.
The provisional measure received changes accepted by the rapporteur, deputy Moses Rodrigues (MDB/CE), proposed by deputy Hugo Motta (Republicans/PB) which changed the distribution of the amounts collected by sports betting. With the approval of the MP, the collection after deducting income tax and prizes will be considered for tax collection purposes. Now the PM is already being analyzed by the Senate.
The PM has already received 12 amendments from senators, but only one of them refers to changes in article 6 of the Conversion Bill (PLV) No. 12/2021, which changes the legal framework of the modality "Fixed-odds betting" (sports betting).
In Amendment 83, Rose de Freitas (MDB/ES) asks for an increase in the rates of sports betting for Social Security. For her, this attractiveness, however, cannot be carved out to the detriment of this necessity. De Freitas requested to restore the rates to half of the percentages provided in Law 13,756: 0.25% on bets in physical media and 0.1255 on virtual media.
Source: GMB
