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You are here -> Home / colombian-gambling-news /

Brazilian sports betting agency to be appointed by the government.

Published date: 2023-09-12
Brazilian sports betting agency to be appointed by the government.

The rapporteur of the Sports Betting Law Project (PL) in the Chamber of Deputies, Adolfo Viana (PSDB-BA), intends to leave out of the text the creation of a secretariat or inspection agency for the sector, according to CNN in Brazil.

 

2Billions of minutes consume the Brazilian bettors each month.

 

Interlocutors cited by CNN about the proposal in the Planalto and in the National Congress indicate that this point will be defined by President Luiz Inácio Lula da Silva (PT), after the approval of the parliamentarians. Thus, this part would remain in the hands of the National Secretariat of Prizes and Betting, linked to the Ministry of Sports.

 

 

The new structure would oversee analyzing the documents to approve the accreditation of operators in the country, as well as controlling the volume of transactions and income.

Caixa Brazil will sponsorship 3,500 athletes, from amateurs to high-performance.

 

Viana planned to deliver the final text of the project at the end of the afternoon on Wednesday, September 6. Despite the expectation, there is still uncertainty about the amount of taxes on bettors and companies, as well as the destination of the revenue collected from betting regulation.

 

2Billions of minutes consume the Brazilian bettors each month.

 

The issue was debated in a meeting between the speaker, the Minister of Finance, Fernando Haddad, and Ministry technicians. The economic team is negotiating to keep the corporate tax closer to 18 percent, the amount established in the Provisional Measure (MP) that regulated the sector as of July of this year.

 

On the other hand, parliamentarians insist on reducing the tax to 8%. Participants in the negotiations on the text claim that it is possible to negotiate a tax of between 12% and 14%. Parliamentarians are also working to reduce the personal tax, which is set at 30% for bets over 2,112 reais. To avoid the change, the Treasury points to the principle of priority since the amount follows the 2018 Lottery Law. Now parliamentarians are looking for a legal solution to try to reduce this tax without making the project unviable.

 

Among parliamentarians there is a feeling that the negotiations, despite having made progress, are more difficult than imagined. For this reason, Adolfo Viana launched a working group on Tuesday to seek dialogue with the Tourism and Sports parties, in addition to trying to end the resistance of evangelicals to the proposal.


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